Bitcoin ETFs have regained momentum, attracting over $471 million in inflows on April 6. This significant influx of capital coincided with the recovery of the Bitcoin price, which broke above the $71,000 level. The rebound came as news circulated about potential ceasefire talks between the United States and Iran.
According to Farside Investors data, total net inflows to U.S. Bitcoin ETFs reached $471.4 million on April 6. This marked one of the highest single-day totals seen in recent weeks and suggested a clear return of confidence among institutional investors.
The majority of these flows into crypto ETFs went to BlackRock's IBIT product, which raked in $181.9 million. Meanwhile, Fidelity's FBTC saw $147.3 million in new investments. Furthermore, ARK's ARKB attracted $118.8 million while Bitwise's BITB registered smaller inflows of $3.8 million.
Alongside rising Bitcoin ETFs demand, corporate interest in BTC also picked up again. Michael Saylor's MicroStrategy reported the acquisition of 4,871 Bitcoin for approximately $329.9 million, an average price of $67,718 per coin.