Bitcoin ETFs see $912 million surge as investor sentiment shifts

Bitcoin (CRYPTO:BTC) exchange-traded funds in the United States recorded a net inflow of $912 million on April 22, marking the largest single-day investment in over five months and signaling a notable turnaround in market sentiment.

According to Glassnode, this inflow is more than 500 times the average daily inflow for 2025, which has stood at just 23 BTC, and is 11.5 times higher than the average since the ETFs launched in January 2024.

James Butterfill, head of research at CoinShares, described the event as a “dramatic improvement in sentiment,” highlighting the scale and rarity of the inflow.

The surge was led by ARK 21Shares with $267.1 million, followed by Fidelity’s FBTC at $253.8 million and BlackRock’s IBIT at $193.5 million.

In contrast, Grayscale’s GBTC, despite its size, reported a comparatively modest net inflow of $65.1 million.

Analysts attribute the renewed investor confidence partly to easing concerns over global trade tensions.

Recent remarks from U.S. leadership about potentially reducing tariffs on Chinese goods have contributed to a more optimistic outlook, which, alongside ETF inflows, pushed Bitcoin’s price above $93,000 for the first time in seven weeks.

“The spot bitcoin ETFs went Pac-Man mode yesterday,” noted Bloomberg ETF analyst Eric Balchunas, reflecting the widespread participation across most ETF products.

“They have become ‘the marginal buyer’ in Bitcoin since Jan 2024,” added Andre Dragosch of Bitwise, underscoring the growing influence of ETFs on the spot market.

The inflows coincide with a weakening U.S. dollar, which some analysts believe is reinforcing Bitcoin’s appeal as a hedge against economic uncertainty.

“Macro factors like a weakening dollar and rising gold correlation may reinforce Bitcoin’s appeal as a hedge against economic volatility,” remarked Ryan Lee of Bitget Research.

The April 22 spike in ETF inflows is seen as a significant indicator of shifting institutional attitudes and may influence Bitcoin’s trajectory in the coming months.

At the time of reporting, the Bitcoin (BTC) price was $93,394.02.