US Crypto ETFs See Record Inflows Amid Growing Institutional Interest

US crypto exchange-traded funds (ETFs) have experienced a significant influx of investment capital, with total inflows reaching over $313 million on April 20. The largest contributor to this surge was Bitcoin, which saw inflows of 3,118 BTC valued at $238.37 million.

The data, provided by Crypto Patel, shows that the demand for crypto ETFs is driven primarily by institutional investors, including BlackRock, which emerged as the leading buyer during this period. The firm purchased 3,350 BTC and 38,280 ETH in a single day, indicating strong confidence in digital assets.

While some other major players, such as Grayscale and Fidelity, recorded net outflows during the same period, the overall trend remains positive due to the robust buying activity from other participants. The level of demand for US spot Bitcoin ETFs is particularly noteworthy, with these funds absorbing nearly seven days' worth of newly mined supply in a single day.