US-based Bitcoin ETFs experienced their biggest day of net inflows since late January on Monday, as cryptocurrency markets remained strong over the Easter weekend.
The 11 Bitcoin ETFs collectively recorded a net inflow of $381.3 million on April 21, driven primarily by a $116.1 million inflow into the ARK 21Shares Bitcoin ETF (ARKB), according to data from CoinGlass.
This is the biggest day of inflows since the funds recorded a combined net inflow of $588.1 million on Jan. 30, shortly after Bitcoin peaked.
Recently, ETFs have struggled to maintain inflows amid trade war threats.
The Fidelity Wise Origin Bitcoin Fund (FBTC) posted the second-largest inflows on April 21 with $87.6 million, while the Grayscale Bitcoin Trust (GBTC) and the Bitcoin Mini Trust ETF (BTC) had combined net inflows of $69.1 million.