New 6-week high! Bitcoin ETFs pulled in $470 million, analysts say: a breakout setup is brewing

U.S. spot Bitcoin ETFs attracted $471 million in a single day, setting a new six-week high. Institutional buying has returned, but geopolitical and macroeconomic risks are still weighing on the rally.

U.S. spot Bitcoin ETFs once again demonstrated remarkable capital inflow capacity on Monday. The daily net inflow size hit the highest record in the past six weeks, indicating that institutional investors’ confidence is strongly returning. Analysts noted that if structural buying continues to flow back, it could help Bitcoin break out of its consolidation range, but this leg of the rally may be restrained by uncertainty in the broader economy.

According to SoSoValue data, six spot Bitcoin ETFs recorded net inflows on Monday, totaling $471.3 million in attracted capital. Among them, BlackRock’s IBIT stood out most, drawing $181.9 million in a single day; Fidelity’s FBTC followed closely with $147.3 million; ARKB, jointly launched by ARK Invest and 21Shares, also received $118.7 million in net inflows. Bitcoin ETFs from Grayscale, Bitwise, and VanEck also showed positive inflows in parallel.

A daily net inflow of up to $471 million is the peak since the record of $506 million set on February 25 of this year. More importantly, the strong buying on Monday has completely offset the capital outflow of $173 million on April 1.

Bitrue research director Andri Fauzan Adziima said: “This reflects the trend that after the strong $1.32 billion monthly net inflow in March, institutions are regaining confidence through compliant channels. March was also the first month with a positive net inflow since 2026.”

On the other hand, Ethereum spot ETFs also recorded a net inflow of $120.2 million on Monday, marking the best single-day inflow performance since mid-March.

Analyst: Structural buying supports the market, but macro variables are still in play

Despite a steady stream of positives from capital flows, the market still has concerns. Andri Fauzan Adziima reminded that ongoing structural buying can indeed provide strong support for Bitcoin to break out of its consolidation range; however, this rally may be constrained by uncertainty in the broader economy.

Tensions in the Middle East continue to weigh on global stock markets and the cryptocurrency market. The U.S.-Iran conflict has entered its second month, and there are no signs of resolution in the near term. U.S. President Trump issued an ultimatum, demanding that Iran restart the Hormuz Strait—which has been shut for weeks—by April 7, or else it will “completely destroy” Iran’s power generation facilities and bridge infrastructure. The remarks have fueled market concerns that the conflict may escalate further, and they have also pushed up global oil prices.

Analysts generally believe that once the cloud of geopolitical and macroeconomic gloom lifts, the cryptocurrency market will quickly regain upward momentum.

LVRG research director Nick Ruck said: “Right now, the cryptocurrency market is in a healthy consolidation phase. As the macro environment improves and institutions return, bullish momentum is expected to erupt again. As long as capital inflows remain strong and regulatory transparency continues to rise, we expect Bitcoin in the coming weeks to move upward and test key resistance price levels.”

• This article is reproduced with authorization from: 《Block Chain Observer》
• Original title: 《Bitcoin ETF attracts $470 million in 6-week high! Analyst: “Breakout momentum” is brewing》
• Original author: Block Sis MEL