Shortly
- The American Bitcoin ETFs received $913 millions in total on Tuesday.
- They received a large amount of money on the 17th January.
- Bitcoin traded above $93,000 in value on Wednesday. It had fallen below $75,000 just a few days earlier.
Investors invested nearly $913 millions in the spot Bitcoin Exchange-Traded Funds The price of the underlying asset for the fund rose amid signs that U.S. president Donald Trump is easing his trade war with China.
BlackRock’s iShares Bitcoin Trust Trust (IBIT), and ARK 21Shares Bitcoin ETFs (ARKB) were the two leading ETFs with net flows of $193.5 and $267.6 million, respectively. You can also read about it here Data from UK Asset Manager Farside Investors
Bloomberg Senior Analyst Eric Balchunas said, “The Bitcoin ETFs have gone Pac-Man Mode yesterday.” The X Post.
Spot bitcoin ETFs went Pac-Man yesterday. +$936m. $1.2b in a week. It is also notable that 10 out of 11 originals took cash as well. It’s good to see that flow is deeper than $IBIT, which may be doing 90% of all the work. The price was $93.5k. I think it’s a pretty good deal. pic.twitter.com/HeLwffgT8F
— Eric Balchunas (@EricBalchunas) April 23, 2025
The spike on Tuesday continued the rebound that began in Bitcoin Bitcoin has reached the highest level since early March. These funds acquired $381m in assets Monday.
The flow rate is a good indicator of the quality of the water. $IBIT Balchunas continued, “Doing 90% of lifting is what we are doing.” Balchunas added, “It’s pretty strong when you consider everything.” [in my opinion].”
Bitcoin Recent Hand-Swapping The price of the cryptocurrency is $93,225. This represents a nearly 2% increase over the last 24 hour. Over the last 14 days, almost 14% of its market value has been gained by the largest cryptocurrency.
Bitcoin funds last received so much cash on Jan. 17, when investors pumped over $1 billion into the funds just days before Trump's inauguration. Bitcoin ETFs allow speculators to easily gain access to Bitcoin, the largest cryptocurrency in terms of market capital. They are listed on stock markets and investors can purchase shares using their smartphones.
The funds have received over $36 Billion in assets within their first 15 months. IBIT surpassed any ETF’s previous 32-year record by $10 billion.
They began to sell their assets shortly after Trump’s election, as Bitcoin prices plummeted and risky assets fell. This was due to fears that Trump’s economic policies could lead higher costs and slower growth.
Bitcoin was close to breaking the record of $109,000 on Trump’s first day in office, a mark that has never been broken before. Trump’s crypto friendly administration has reduced regulation in order to honor a promise made during the campaign.
BTC’s performance was correlated to the tech stock market, rather than assets with a low risk, like gold. It fell below $75,000. The analysts have divergent opinions on whether or not this trend will persist.
Edited By James Rubin
