Crypto07 April, 20261 min read
Bitcoin Spot ETFs Surge With $471 Million Inflows, Anchoring Price
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US spot Bitcoin ETFs pulled $471 million, largest daily inflow in over a month. BlackRock's IBIT and Fidelity's FBTC led the inflows.
ETF Inflows Surge
US spot Bitcoin ETFs recorded their largest single-day inflows since late February, pulling in $471 million. BlackRock's IBIT led with roughly $182 million, followed by Fidelity's FBTC with approximately $147 million. These two products accounted for about 70% of the total inflows.
Bitcoin traded around $68,780 as ETF demand helped offset weak spot buying. US spot Bitcoin ETFs now hold approximately $90 billion in total assets.
ETF Demand Anchors Price
Robust ETF demand proved critical in anchoring Bitcoin's price. Bitcoin continued to stall below $70,000, with weak spot demand and large holder distribution. ETFs increasingly offset that pressure, acting as a primary source of marginal buying.
New research suggests Bitcoin has shifted from lagging to leading global monetary policy. Markets priced a 98% probability that the Fed will hold rates steady.
Mixed ETF Signals
The broader crypto ETF landscape showed mixed signals. Ether ETFs recorded outflows of $42.15 million. Solana and XRP ETFs also fell during a shortened trading week.
Crypto ETFs swung between inflows and outflows with little coherence. Bitcoin finished the week higher but without conviction.