Bitcoin (BTC) ETF saw a net inflow of $912 million in a single day, significantly boosting investor sentiment.

CN
8 hours ago

Source: Cointelegraph Original: "{title}"

Bitcoin (BTC) exchange-traded fund (ETF) investments have rebounded to levels not seen since January, indicating that investors have regained confidence after concerns over escalating global trade tariffs.

According to data from Farside Investors, as of April 22, the cumulative net inflow of funds into U.S. spot Bitcoin ETFs exceeded $912 million, marking the highest single-day investment in over three months since January 21.

James Butterfill, head of research at CoinShares, stated, "Bitcoin ETF products have just recorded the largest single-day inflow since January 21, showing a significant improvement in investor sentiment."

Investor sentiment has notably improved after U.S. President Trump indicated that tariffs on Chinese goods would be "substantially reduced" and adopted a more conciliatory tone in negotiations.

As reported by Cointelegraph on April 23, with the easing of tensions and increased ETF inflows, Bitcoin's price broke above $93,000 for the first time in seven weeks.

Analysts told Cointelegraph that the growing institutional investment and the presence of ETFs could accelerate the historic four-year cycle, pushing BTC to new highs by the end of 2025.

A weaker dollar may also contribute to increased demand for Bitcoin among investors.

According to TradingView data, the U.S. Dollar Index (DXY), which measures the strength of the dollar against a basket of major fiat currencies, has fallen nearly 9% since the beginning of 2025, dropping to a three-year low of 98.8, a level last seen in April 2022.

Ryan Lee, chief analyst at Bitget Research, told Cointelegraph, "Macroeconomic factors such as a weaker dollar and rising correlation with gold may enhance Bitcoin's appeal as a hedge against economic volatility."

According to Nexo analyst Iliya Kalchev, the cryptocurrency and traditional stock markets are "walking a tightrope between political drama and economic reality," with Bitcoin benefiting from "strong ETF inflows, institutional acquisitions, and a weaker dollar," resulting in a significant rebound:

He added, "The focus of market discussions has clearly shifted. Bitcoin is no longer trading in the shadow of tech stocks but has become an important indicator of macro uncertainty."

Nansen CEO Alex Svanevik also praised Bitcoin's resilience, noting that this increasingly mature asset has shown a trend of "less Nasdaq characteristics and more gold features" over the past two weeks, increasingly exhibiting the traits of a safe-haven asset to counter economic turmoil, although concerns about a recession may limit its price movements.

On April 21, BitMEX founder Arthur Hayes predicted that this might be the "last chance" to buy Bitcoin below $100,000, as the upcoming U.S. Treasury buyback could become the next significant catalyst for driving Bitcoin's price.

Related: Arthur Hayes: Bitcoin (BTC) may break $100,000 due to U.S. Treasury buyback plan.

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