Spot Bitcoin ETFs Rake in $395M in Just 4 Days—Wall Street Finally Wakes Up?

After years of regulatory foot-dragging, spot Bitcoin ETFs are flexing their muscles—pulling in nearly $400 million in inflows since launch. Mainstream money’s dipping a toe into crypto, but let’s see how long the hype lasts before the usual ‘risk-off’ tantrum. Bonus jab: Traders already pricing in the SEC’s inevitable ‘concerned statement.’

Bitcoin’s price traded in a tight range around $84,000 through midweek, closing at $83,639 on April 15 and climbing to $84,883 on April 17. The midweek outflows failed to knock Bitcoin off its path, and the market steadied near $84,400 on April 18. That stability set the stage for Monday’s rally, when the price jumped from $85,092 on April 20 to $87,506 on April 21.

Investor confidence received a boost from the SEC’s announcement that 72 crypto-related ETF applications are under review and from reports that MetaPlanet and Strategy purchased more than 6,800 BTC worth nearly $600 million.

Hints from Federal Reserve Chair Powell and a softer dollar further supported risk appetite. On April 21, ARK’s ARKB ETF led with $116.1 million of net subscriptions, Fidelity’s FBTC added $87.6 million, and Grayscale’s BTCW secured $36.6 million.