BlackRock and Fidelity Maintain Leadership 

BlackRock’s IBIT fund recorded the largest inflow of the week, receiving $278.9 million on Wednesday. It was followed by Fidelity’s FBTC fund with $104.4 million in inflows. Bitwise’s BITB fund experienced an outflow of $11.3 million. 

Some ETFs, however, did not report inflows. ARK Invest and Valkyrie funds did not attract new investments during this period, indicating investors’ preference for large, low-cost funds. 

Grayscale’s GBTC fund was not part of this trend, experiencing an outflow of $16.4 million. Meanwhile, Grayscale’s low-cost new product, Mini Trust, also saw a notable outflow of $10.1 million. 

Bitcoin Price Holds Steady 

Amid rising geopolitical tensions, Bitcoin traded between $104,000 and $105,000. This stable range suggests there was no market panic. Funding rates remained positive, and derivatives markets continued to show upward momentum. 

Crypto analytics platform Santiment noted Bitcoin’s resilience during this geopolitical period is similar to previous conflicts, such as the 2022 Russia-Ukraine and 2023 Israel-Palestine crises. 

Institutional Confidence Strengthens Bitcoin’s Power 

Since April 17, spot Bitcoin ETFs have received a total of $11.2 billion in new investments. So far, $46.3 billion has been invested in 11 major Bitcoin ETFs in the U.S. BlackRock’s IBIT fund leads with $50.6 billion, followed by Fidelity’s FBTC fund with $11.5 billion in assets. 

The large inflows to Bitcoin ETFs reinforce institutional confidence. Especially during volatile geopolitical periods, investors’ continued interest in Bitcoin underscores digital assets’ potential as a safe haven. 

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