US Bitcoin ETFs reported the biggest inflows seen since January this year on Monday.
11 of the biggest U.S. Bitcoin ETFs reported a total inflow of $381.3 million, marking a period of enthusiasm in the crypto markets which carried on through the Easter weekend. This level of investment has not been seen since January 30th, when ETFs received a total of $588.1 million.
ARK 21Shares Bitcoin ETF was the largest recipient of this investment influx, with a total value of $116.1 million, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $87.6 million. Finally, the Grayscale Bitcoin Trust (GBTC) and the Bitcoin Mini Trust ETF (BTC) showed combined inflows of $69.1 million.
Bitcoin ETFs have struggled to maintain steady investment due to U.S. President Donald Trump’s tariffs and wider instability.
The crypto market made huge gains in total market cap over the Easter weekend, gaining $800 billion in value, reaching a total of $2.84 trillion.
Bitcoin was trading at a price of $88,517 at the time of reporting, according to CoinMarketCap.