US-based Bitcoin exchange-traded funds (ETFs) had their largest day of net inflows since late January, as crypto markets remained buoyant over the Easter weekend.
The 11 Bitcoin (
It's the largest inflow day for the ETFs since the funds had a $588.1 million joint net inflow on Jan. 30, days after Bitcoin hit a peak and was trading with a six-figure price tag.
The ETFs have struggled to maintain inflows over the past few weeks amid US President Donald Trump’s
The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the second-largest inflow for April 21, with $87.6 million, while the Grayscale Bitcoin Trust (GBTC) and the company’s Bitcoin Mini Trust ETF (BTC) saw joint net inflows of $69.1 million.
BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest of the group by assets under management, saw net inflows reach $41.6 million, about half of the inflows it saw before the weekend trading break on April 17.
US markets had shut down on April 18 in observance of Good Friday, and trading on Monday, April 21, saw them
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The crypto markets, meanwhile, were able to hold onto gains made over the long weekend, with the total crypto market capitalization climbing by $800 billion over the three-day break to hold at $2.84 trillion.
Bitcoin has boosted that total, having climbed above a market value of $1.75 trillion for the first time since March 22 as its price
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