US-listed spot Bitcoin exchange-traded funds saw a substantial rebound, recording $411.5 million in daily inflows on Tuesday. This marks the second-largest inflow day for April. The surge pushed year-to-date net flows into positive territory at approximately $245 million, with total assets under management exceeding $96.5 billion.
The renewed investor interest coincides with Goldman Sachs filing with US securities regulators to launch its own Bitcoin-linked ETF. This move by the historically cautious financial giant follows Morgan Stanley's recent entry into the Bitcoin ETF market.
No US spot Bitcoin ETF reported outflows Tuesday. BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the inflows with approximately $214 million, extending its streak to five consecutive days. Morgan Stanley's Bitcoin Trust ETF (MSBT) also extended its inflow streak, totaling $84 million over five days. Other significant contributors included the ARK 21Shares Bitcoin ETF (ARKB) with $113 million and the Fidelity Wise Origin Bitcoin Fund (FBTC) with $45 million.
The positive trend extended to other digital asset ETFs. Spot Ether ETFs recorded $53 million in inflows, while XRP funds saw $11 million and Solana funds over $1 million. Even Dogecoin ETFs experienced inflows of around $187,000.
Sentiment in the crypto market has improved, with the Crypto Fear & Greed Index rising above 20. Bitcoin's price also reached a multi-week high, briefly surpassing $75,000 on Tuesday.
