On Tuesday, Bitcoin exchange-traded funds (ETFs) saw nearly $1 billion in inflows — one of the largest surges of capital into the popular crypto products since January. The funds now collectively have $108.16 billion in assets under management.
According to Farside Investors, ARK 21Shares Bitcoin ETF saw net inflows of $267 million, while BlackRock’s iShares Bitcoin Trust (IBIT) logged $193.5 million.
The uptick in inflows to ARK 21Shares Bitcoin ETF marks a shift from IBIT consistently leading the pack, according to Eric Balchunas, a Bloomberg senior ETF analyst. “Good sign to see flow depth vs. say $IBIT doing 90% of the lifting,” Balchunas said on social media.
Tuesday’s dramatic inflows follow months of volatility. Although Bitcoin ETFs saw $27.5 billion in outflows between January 20 and April 8, the most recent data signals a possible turning point.
“This is the strongest signal yet that crypto is becoming part of the core financial playbook,” Dan Greer, CEO of the Defi App platform, told TheStreet Crypto. “Institutions aren’t just dipping their toes in anymore, they’re leaning in. As traditional markets wobble under macro pressure, Bitcoin is starting to look less like a speculative asset and more like a strategic allocation.“
The Trump administration has zeroed in on cryptocurrency as a key domain for asserting U.S. dominance. Since entering office, the Trump administration has pledged to promote the industry and has already instituted a major regulatory overhaul of the sector, including by establishing the country’s first strategic Bitcoin reserve.
Following President Donald Trump’s inauguration this past January, Bitcoin ETFs surged in popularity. Some analysts point to a more crypto-friendly U.S. Securities and Exchange Commission as another driver behind their recent performance.
Bitcoin is currently trading above $93,800.
