BlackRock’s spot bitcoin ETF, IBIT, recorded its highest single day of inflow this January with $643 million on Wednesday.
However, this established the tone for a strong day among U.S. bitcoin ETFs that added $916.9 million. The inflow almost reached Tuesday’s high mark of $936.4 million.
This is also the fourth day running that bitcoin ETFs have recorded net inflows. In this brief string, cumulative investment has now topped $2.3 billion. This is over twice as much as the $1 billion invested during a ten-day string in March.
ARKB, the Bitcoin ETF by Ark Invest and 21Shares, garnered $129.5 million. Fidelity’s FBTC was close behind with $124.37 million in fresh investment.
Modest additions were contributed by Grayscale’s Mini Bitcoin Trust and by VanEck’s HODL. Bitwise’s BITB saw $15 million in outflows.
Bitcoin is seeing investors flock back to it once again as a hedge against financial uncertainty. “The recent inflows into the ETF indicate renewed investor trust in Bitcoin as a store of value asset class,” writes Nick Ruck, Research Director at LVRG. “We would expect to see Bitcoin move in line with the rise in gold in the near future.”
Bitcoin ETF growth signals market confidence
However, Bitcoin has been resilient in April. It withstood trade tensions and reacted to financial signals at the global level.
The IMF’s prediction regarding higher U.S. inflation and slowing global growth pushed its price upward. Bitcoin is trading at almost $92,690 today, having temporarily hit $94,000 previously.
As a sign of increased institutional participation, SoftBank, Tether, Bitfinex, and Cantor Fitzgerald launched a $3.6 billion bitcoin-focused fund.
Additionally, the fund will be run by a new company named Twenty-One Capital. The CEO will be Jack Mallers, the Strike founder.
This is one of the biggest group investments ever made in Bitcoin-focused businesses. It is an indication of a long-term perspective by some of the most powerful companies in finance and tech.
The magnitude of ETF inflows, combined with high-visibility investment news, signals a fundamental shift. Bitcoin is no longer at the margin.
Nonetheless, its role in the global financial landscape is now being transformed by institutional support.
