Bitcoin ETFs See $912 Million Inflows, Bitcoin Price Surges Above $94,000
Bitcoin Magazine Bitcoin ETFs See $912 Million Inflows, Bitcoin Price Surges Above $94,000 U.S. spot Bitcoin ETFs recorded their largest single-day inflows since January's all-time high, with ARK's fund leading the charge as bitcoin breaks above $94,000. This post Bitcoin ETFs See $912 Million Inflows, Bitcoin Price Surges Above $94,000 first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.
Bitcoin Magazine
Bitcoin ETFs See $912 Million Inflows, Bitcoin Price Surges Above $94,000
Bitcoin ETFs witnessed massive inflows totalling $912.7 million on April 22, marking their strongest performance since January 20, when bitcoin reached its previous all-time high above $108,000. The surge coincides with bitcoin’s price breaking above $94,000 for the first time in 51 days.
ARK 21Shares Bitcoin ETF (ARKB) led the inflows with $267.1 million, its second-largest daily inflow since launch. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $253.8 million, while BlackRock’s iShares Bitcoin Trust (IBIT) secured $193.5 million.
The substantial inflows came as bitcoin surged above 6% in 24 hours, climbing from $88,610 to $94,115. The rally gained momentum following new SEC Chairman Paul Atkins’ swearing-in ceremony, where he pledged to establish a rational, coherent and principle approach to digital asset regulation.
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