Bitcoin ETF witnessed a massive inflow on April 22, totaling $912.7 million, marking the strongest performance since January 20, when Bitcoin was at its previous all-time high above $108,000. The surge coincides with the price of Bitcoin reaching $94,000 for the first time in 51 days.
The ARK 21Shares Bitcoin ETF (ARKB) leads inflows at $267.1 million, the second largest daily inflow since its launch. Fidelity’s wise origin Bitcoin Fund (FBTC) then paid $253.8 million, while BlackRock’s ishares Bitcoin Trust (IBIT) received $193.5 million.
The massive inflow was due to Bitcoin soaring over 6% in 24 hours, climbing from $88,610 to $94,115. Following the oath-in ceremony of new SEC chairman Paul Atkins, he promised to establish a rational, coherent and major approach to digital asset management.
Record inflows indicate significant changes in institutional sentiment, especially when traditional markets face uncertainty. The surge replaced Gary Gensler, who resigned after Trump’s election victory after Atkins’ appointment as SEC chairman. Given his known support for innovation, Atkins’ appointment has been widely regarded as an active part of the Bitcoin and cryptocurrency sectors.
Bitcoin price movements and ETF inflows show that as a strategic asset, there is increasing confidence in Bitcoin. Recently, Bitcoin and crypto market capitalization has grown by $800 billion in recent times to more than $2.84 trillion, with Bitcoin’s market value exceeding $1.7.5 trillion.
The powerful ETF performance contrasts with the relatively gentle activity in the previous weeks. The last time Bitcoin ETF saw comparable inflows was at a price peak in January, when Donald Trump’s inauguration coincided with Bitcoin’s $108,000.
Market indicators indicate ongoing institutional interests. Amid wider market volatility, Bitcoin’s resilience has attracted increasing attention from institutional investors seeking alternative assets. At press time, Bitcoin was trading at $94,100, and its position was higher than the crucial $94,000 as institutional investment continued through ETF vehicles.
