Highlights
Inflows into spot Bitcoin ETFs have surged once again as investors chose to look past the Trump reciprocal tariffs. The net inflows across all US ETFs for Bitcoin stood at $220 million, recovering all of the early week selloff. It shows that markets have already factored in the impact of the Trump tariff, and institutional players see it as an opportune time to buy the lows.
Following a poor start to the week with the first two days of net outflows, inflows in the spot Bitcoin ETFs have resumed once again, On Wednesday, April 2, the net inflows surged to $220 million with Fidelity’s FBTC and Ark Invest’s ARK dominating the flows at $119 million and $130 million respectively, as per data by Farside Investors.
On the other hand, BlackRock’s iShares Bitcoin Trust (IBIT) saw over $116 million in outflows. The market has been showing mixed responses to the current development with Trump tariffs turning out to be a “buy the news” event.
Following a long period of volatility and BTC price fluctuations between $80,000-$90,000, institutions have once again started accumulating BTC. The total Bitcoin holdings of the top 75 publicly traded companies have reached 696,456 BTC, reflecting a strong institutional presence in the crypto market.
In the past week alone, eight of these firms increased their Bitcoin reserves, adding a total of 26,303 BTC. This surge in accumulation signals growing confidence among institutional investors in Bitcoin’s long-term value. Top Bitcoin holders like Michael Saylor’s Strategy, and Japan’s Metaplanet have been increasing their BTC stack over the past week.
Soon after Trump’s reciprocal tariffs kicked in, Bitcoin price faced strong volatility, crashing from $88,000 all the way to $81,000, despite strong inflows in spot Bitcoin ETF. Also, the daily trading volume has shot up by 85% to $54 billion. As of press time, BTC price is trading at $83,394 with a market cap of $1.65 trillion.
Crypto analyst Ali Martinez has highlighted a key price range for Bitcoin, noting that the asset is currently trading between $86,900 and $84,800. According to Martinez, whichever side breaks first on the hourly chart could determine Bitcoin’s next major price movement.
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