Bitcoin ETF Inflows Bounce Back Sharply as Blackrock and Fidelity Lead April 17 Turnaround
Bitcoin ETF inflows made a strong comeback on April 17, injecting optimism into an otherwise cautious market after a $170 million outflow just a day prior. With fresh capital totaling $107.83 million, Thursday’s session marked a notable recovery for U.S. spot bitcoin ETFs—led prominently by Blackrock’s IBIT and Fidelity’s FBTC funds.
Blackrock, which had a remarkable $80.96 million inflow into its iShares Bitcoin Trust (IBIT), lead the rally. Fidelity came in second, bringing $25.90 million into its Wise Origin Bitcoin Fund (FBTC). The two behemoths combined practically all of the favourable movement all around, indicating renewed institutional confidence in the digital asset market.
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Hashdex’s DEFI ETF added $965.51k to its assets, a little contribution. The other nine out of twelve U.S. spot bitcoin ETFs stayed static, indicating no inflows or outflows—a clear indication of consolidation or reluctance among investors waiting for a stronger market signal.
Nevertheless, the Bitcoin ETF inflows for the day raised total nett assets across U.S. bitcoin ETFs to $94.51 billion. Reflecting good participation despite recent volatility, trading volume was $1.55 billion.
This inflow could signal a turning point in what has been a turbulent week for digital asset investment vehicles. A day before, bitcoin ETFs had experienced a significant nett outflow of $170 million, raising worries of profit-taking and short-term pessimistic mood. Thursday’s comeback, which almost two-thirds of that decline, suggests underlying investor conviction.
Ether ETFs, on the other hand, reported no nett flows for the day. All nine U.S.-listed spot ether ETFs showed a flat line: no inflows, no outflows. Although this may be seen as a respite in sell-offs following a week of red, it more clearly indicates a neutral or undecided attitude among Ethereum bulls and institutional allocators.
Though the ether side is calm, the focus is still on Bitcoin ETF inflows, especially as institutional investors are using BTC as the digital gold hedge against inflation and monetary uncertainty. The ongoing accumulation of Blackrock and Fidelity strengthens the belief that top asset managers believe that bitcoin exposure has long-term potential.
Looking forward, especially with impending macroeconomic triggers like interest rate announcements, inflation statistics, and regulatory changes, the crypto community will closely monitor ETF flows. Especially if supported by price movement verifying market recovery, consistent inflows over the next days might indicate a resumption of positive mood.
Ultimately, in an otherwise conservative market, Bitcoin ETF inflows provide a gleam of strength. Though most ETF funds were quiet, the activity from Blackrock, Fidelity, and even Hashdex indicates that major firms still think Bitcoin as a long-term asset class. The question now is whether this momentum can last or whether the market will revert to wait-and-watch mode.
