Spot Bitcoin ETFs record $913 million single-day inflow – the highest since January – as BTC price rebounds above $93,000 amid positive market sentiment.
Record ETF Inflows Signal Renewed Investor Confidence
U.S. spot Bitcoin ETFs experienced their strongest single-day inflow since January 17, attracting $913 million on Tuesday as Bitcoin’s price surged past $93,000. This remarkable inflow comes after Bitcoin dipped below $75,000 earlier this month, demonstrating a significant market rebound.
Leading ETF Performers
The ARK 21Shares Bitcoin ETF (ARKB) led the charge with $267 million in net inflows, followed closely by BlackRock’s iShares Bitcoin Trust (IBIT) at $193.5 million, according to Farside Investors data. Bloomberg’s Eric Balchunas described the activity as ETFs going “Pac-Man mode” in a social media post.
Sustained Recovery Trend
Tuesday’s massive inflow continues a positive trend that began last week, with ETFs gathering $381 million on Monday alone. Balchunas noted the significance of diversified participation across multiple funds rather than reliance on a single dominant player.
Bitcoin Price Action
Bitcoin traded at $93,225 at time of reporting, showing:
- 2% 24-hour gain
- 14% increase over two weeks
Historical Context
The last comparable inflow occurred on January 17 when investors added over $1 billion just before President Trump’s inauguration. Since their launch 15 months ago, these ETFs have collectively attracted more than $36 billion in assets, with IBIT reaching $10 billion faster than any ETF in sector history.
Market Correlation Shifts
While Bitcoin initially showed stronger correlation with tech stocks – dipping alongside them earlier this month – its recent performance suggests potential decoupling. The cryptocurrency had previously set an all-time high of $109,000 on Inauguration Day, benefiting from the administration’s crypto-friendly policies.
Analyst Perspectives Divided
Market observers remain split on whether Bitcoin will maintain its traditional risk-on asset behavior or develop new correlation patterns in the current economic climate.