Bitcoin ETFs See $1.47M Inflow as Price Stabilizes at $85,000

Bitcoin ETFs experienced a significant shift on April 14, ending a seven-day outflow streak with a modest inflow of $1.47 million. This reversal came as Bitcoin's price stabilized around $85,000, buoyed by easing geopolitical tensions and positive economic policy developments. The turnaround in sentiment was largely driven by the U.S. government's decision to roll back tariffs on certain Chinese tech imports, which had previously fueled trade war fears and market volatility.

Leading the rebound in Bitcoin ETF inflows was BlackRock’s IBIT, which recorded $36.72 million in inflows. However, Fidelity’s FBTC saw $35.25 million in outflows, nearly offsetting the net gain. Despite the modest inflow, the shift signals a change in sentiment among institutional investors, who have been closely monitoring major economic policy developments. The total net inflows since the launch of spot Bitcoin ETFs now stand at $35.36 billion, reflecting a cautious optimism in the crypto market.

The tariff rollback announcement by President Donald Trump provided a brief respite for risk assets, including Bitcoin. The cryptocurrency's price stabilized at $85,692, marking a nearly 7% increase for the week. This stabilization came after Bitcoin found strong support at $84,000, and U.S. equities also closed higher on Monday, reflecting renewed investor optimism. However, the optimism may be short-lived as Trump later clarified that the exempted goods were only moved to a different tariff category, leaving room for future restrictions.

In contrast to Bitcoin's rebound, Ether ETFs recorded $5.98 million in outflows, marking the fifth consecutive day of losses. Fidelity’s FETH was particularly hard hit with $7.78 million in outflows, while 21Shares’ CETH helped mitigate the impact with $1.8 million in inflows. Despite the setback for Ether, the overall sentiment in the crypto market remains cautiously optimistic, with Bitcoin's resilience and price stability serving as a positive indicator.

However, global macroeconomic pressures continue to pose a threat to the long-term outlook of the crypto market. Rising bond yields in Japan, which reached a 30-year high of 2.345%, could prompt the country to raise interest rates. This move could potentially drain liquidity from both traditional and crypto markets, adding to the existing uncertainties. Agne Linge, Head of Growth at decentralized bank WeFi, highlighted this development as a significant factor that could impact the crypto market's trajectory.

In conclusion, the return of Bitcoin ETF inflows and the cryptocurrency's price stability at $85,000 have reignited cautious optimism in the crypto market. However, ongoing macro uncertainties, including shifting U.S.-China trade dynamics and tightening monetary policies in Japan, suggest that the road ahead may still be challenging. While the U.S. remains a dominant force influencing global liquidity, institutional investors will be closely watching international developments for further cues. For now, Bitcoin has proven its resilience, but sustained growth will depend on broader economic support.