Blackrock’s flagship Bitcoin ETF attracted a net inflow of $643.1 million on April 23, its strongest one-day performance since January 21. As Bitcoin’s upward momentum continues, large inflows are on the higher momentum, with Bitcoin trading exceeding $92,000 after the Trump administration’s positive signals about the U.S.-Fonia trade relations.
IBIT’s impressive performance fueled a surge in Bitcoin ETF activity, with total Bitcoin ETF inflows reaching $916.9 million on Wednesday. This marks the fourth consecutive day of active flows in US listed Bitcoin ETFs, bringing the total inflows this week to approximately $2.23 billion.
The ARK 21Shares Bitcoin ETF (ARKB) and Fidelity’s wise Bitcoin Fund (FBTC) also attracted great interest, recording inflows of $129.5 million and $124.4 million. Strong performance of multiple funds shows that Bitcoin is increasingly conviction as an investment asset.
President Trump’s tips lowered import tariffs in China and confirmed that Fed Chairman Jerome Powell will continue to be in his position, which coincides with Bitcoin’s rest time, which coincides with Bitcoin’s rest. The new SEC chairman Paul Atkins’ pro-coin and crypto stance further strengthens market sentiment.
Since its launch in January, U.S. spot Bitcoin ETFs have accumulated more than $37 billion in net inflows, with total assets under management reaching $1006.39 billion. Blackrock’s ibit led the payment, managing approximately $53.77 billion in net worth, and recently won the “Best New ETF” at the ETF of the Year.com Awards.
Recent positive liquidity conditions marked a significant shift in outflows in early April, suggesting that institutional confidence in Bitcoin is both a strategic asset and an inflation hedge. This trend seems to be supported by broader market dynamics, including weakening of the dollar and expectations of the Fed’s tax rate cuts in mid-2025.
However, market observers point out that ongoing trade policy uncertainty and inflation issues may still affect Bitcoin’s trajectory. Investors continue to monitor ETF traffic and macroeconomic development as an indicator of continued adoption.
At press time, Bitcoin was trading at $92,840, and as institutional investment continues to grow through regulated ETF vehicles, its position above the critical psychological level.
