Bitcoin ETF inflows have hit $220 million—will BTC surge to new peaks?

On April 2, when Bitcoin’s price fell below $83,000, U.S. spot Bitcoin ETFs experienced a notable increase, attracting $103 million in net inflows. This influx highlights the ongoing interest from both institutional and retail investors in Bitcoin, despite challenges such as trade wars and tariffs. Earlier this year, Bitcoin reached an all-time high of $109,000. Nevertheless, the price has since decreased, falling to $82,343 yesterday. Even with the decrease, investors recognized a chance and invested $220 million into Bitcoin ETFs, indicating sustained trust in the asset. Prominent funds, including Ark Invest and 21Shares’ ETF (ARKB), experienced their largest daily net inflow of $130.15 million, increasing their total assets under management (AUM) to $4.14 billion. Conversely, BlackRock’s ETF (IBIT) saw net outflows totaling $115.87 million, indicating that not every institutional investor is optimistic. In March, Bitcoin ETFs witnessed a reduction in market activity, with net monthly outflows amounting to $43 million. Despite challenges in the ETF sector, the market still plays a notable role, boasting an ETF trading volume of $2.62 billion, a market capitalization of $100.13 billion, and total assets under management (AUM) of $100.68 billion. Additionally, data from Coinglass indicates that the Bitcoin derivatives market remains resilient. The trading volume for derivatives exploded by 249%, reaching $246 billion, while the volume for options rose by 234%, totaling $226 billion. Furthermore, the trading volume for BTC surged by 225% to reach $210 billion, even though open interest experienced a minor decline of 3.983%, totaling $23.98 billion. The information indicates that although ETFs have received varied responses, traders continue to be very engaged in Bitcoin futures and options markets. Regarding Bitcoin’s price forecast, it is now priced at $28,09,25.23, showing a decrease of 1.92% over the last 24 hours.