Bitcoin ETF rebounds strongly after mid-week drop, receives $108 million in inflows

Bitcoin ETFs rebounded on Thursday, April 17, with $108 million in inflows, recovering nearly two-thirds of the previous day’s outflows, thanks to strong inputs into Blackrock and Fidelity products. Meanwhile, Ethereum ETFs remained static with no net flows.

Blackrock and Fidelity Lead Bitcoin ETF Rally

A day after losing $170 million, Bitcoin ETFs found their footing again, with $107.83 million in inflows, an encouraging sign for bulls seeking stability in the market. Only three of the 12 U.S. spot Bitcoin ETFs saw any movement, but those few did the heavy lifting.

Of these, Blackrock’s IBIT led the action, with $80.96 million in new capital. Fidelity’s FBTC followed closely behind, with $25.9 million in inflows, showing renewed interest after heavy outflows in the mid-term. Hashdex’s DEFI ETF was one of the few entrants, with the fund adding $965.51 million.

The rest of the ETF group sat on the sidelines, with no inflow or outflow activity. Total trading volume reached $1.55 billion, and total net assets of Bitcoin ETFs rose to $94.51 billion by the end of the session.

On the Ethereum front, the market was calm. All nine U.S. spot Ethereum ETFs recorded zero net flows, with no inflows and no outflows. While the lack of red may be a relief after seven consecutive days of losses, it also reflects the wait-and-see sentiment of Ethereum investors.

As the week comes to an end, market participants are keeping a close eye on capital flows. For now, Bitcoin is showing resilience, but Ethereum remains neutral.