Interest in spot Bitcoin ETFs in the US has accelerated again. Strong inflows recorded on the first trading day of the week signal a recovery in institutional investors' view of the crypto market, and also provided a critical signal regarding the direction of the market.
A first in 6 weeks for Bitcoin ETFs
According to data released on Monday, spot Bitcoin ETFs traded in the US saw a total net inflow of $471.3 million. This figure stands out as the highest daily inflow recorded since February 25. Thus, after a stagnation of approximately six weeks, a strong capital flow has re-emerged in the ETF market.
A significant portion of these inflows came from large funds. BlackRock's IBIT product led the way with $181.9 million in inflows, followed by Fidelity's FBTC fund with $147.3 million. The ARKB fund, a partnership between ARK and 21Shares, also saw a significant inflow of $118.7 million. Positive inflows were also observed in ETFs of other major players such as Grayscale, Bitwise, and VanEck.
This strong performance offset the outflows seen at the beginning of the month. Indeed, the net outflow of $173.7 million recorded on April 1st was offset by Monday's inflows. According to analysts, this indicates a re-establishment of institutional investor confidence, especially after the total inflows of $1.32 billion seen in March. March was also recorded as the first positive month of 2026.
Parallel to this activity in Bitcoin ETFs, a similar picture emerged on the Ethereum side. Spot Ethereum ETFs recorded a net inflow of $120.2 million on Monday, exhibiting their strongest performance since mid-March. This development points to expanding institutional interest not only in Bitcoin but also in crypto assets in general. Nevertheless, some macroeconomic risks stand in the way of bullish expectations in the market. Analysts note that Bitcoin's price could break out of its current sideways range if ETF inflows continue, but they also point out that global developments could limit this process. Geopolitical tensions in the Middle East, in particular, continue to put pressure on both traditional markets and crypto assets. The fact that tensions between the US and Iran have entered their second month and that a clear solution is yet to emerge between the parties is dampening risk appetite. Rising oil prices due to the closure of the Strait of Hormuz are another factor increasing uncertainty in global markets.
According to analysts, a more significant upward momentum could be seen in the crypto market if these macroeconomic uncertainties are resolved. While the current outlook points to a healthy consolidation process, the re-entry of institutional investors is considered one of the key dynamics that could push the market upwards.
Bitcoin price update
Bitcoin has been fluctuating between $68,000 and $70,000 in recent price movements, with upward attempts noticeable in the short term. Data shows that rallies towards the $70,000 level were met with selling pressure, pulling the price back down to around $68,500. Currently trading at approximately $68,700, Bitcoin experienced a limited pullback during the day, but overall, a sideways consolidation is evident.
