US spot Bitcoin exchange-traded funds (ETFs) recorded collective net inflows of $108 million on April 17, signaling a return to positive momentum in the crypto investment space.
US Spot Bitcoin ETFs See $108 Million Net Inflow Led by BlackRock’s IBIT
Leading the charge was BlackRock’s iShares Bitcoin Trust (IBIT), which accounted for most of the day’s gains with $108 million in inflows.
IBIT’s strong performance underscores BlackRock’s continued dominance of the U.S. spot Bitcoin ETF market as institutional and retail investors seek regulated exposure to Bitcoin.
In contrast, spot Ethereum ETFs showed no net flows, with all nine products recording zero activity.
The lack of action comes amid ongoing market uncertainty and investor caution surrounding Ethereum-based products, particularly as regulatory clarity regarding spot Ethereum ETFs remains unclear.
Net inflows into Bitcoin ETFs reflect renewed investor confidence in the flagship cryptocurrency, especially as macroeconomic narratives continue to evolve around digital assets and their potential role in diversified portfolios.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/blackrock-effect-on-us-spot-bitcoin-etfs-negative-series-turns-into-positive-momentum-here-are-the-details/