U.S. Bitcoin ETFs Surge with $381M Inflows, Ethereum ETFs Suffer $25.42M Outflows in 9-Week Streak

U.S. Bitcoin spot ETFs experienced a significant surge in net inflows on April 21, totaling $381 million, marking the highest single-day gain since late January. This increase was driven by the purchase of 4,480 BTC, with ARKB from Ark and 21Shares leading the inflows at $116.1 million, followed by Fidelity’s FBTC with $87.6 million. On April 22, the net inflow continued with an additional 3,485 BTC, amounting to $316.84 million. In contrast, Ethereum spot ETFs continued to see net outflows, with a total of $25.42 million exiting the market on April 21, marking a 9-week streak of losses. This trend persisted on April 22 with a net outflow of 438 ETH, valued at $746,000. The cumulative net inflow for Ethereum ETFs has dropped to $2.22 billion since February. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant