Bitcoin ETFs See $76.4M Inflows Amid Market Volatility

U.S. spot Bitcoin ETFs have demonstrated resilience, with net inflows totaling $76.4 million on Tuesday. This marks the second consecutive day of positive flows following last week's market turmoil. According to data, Tuesday's inflow follows Monday's $1.5 million inflow, which contrasts sharply with the seven-day outflow of $878 million that concluded last Friday.

Leading the charge is BlackRock’s IBIT ETF, which attracted $38.2 million on Tuesday. Ark and 21Shares’ ARKB followed with inflows of $13.4 million, while Bitwise’s BITB reported nearly $11 million in inflows. The Grayscale Bitcoin Mini Trust and Franklin Templeton’s EZBC also reported positive flows.

According to Peter Chung, head of research at Presto Research, “Much of the ETF inflows are driven by the basis trade (i.e., long spot ETF short CME futures). In the last few days, the CME basis yield has rebounded as the risk-on assets started to stabilize.” Chung added, “The ETF inflows over the last few days may therefore be a result of the changing dynamics between the spot and the futures market.”

Despite the ETF inflows, the Bitcoin price has experienced a 2% dip over the past 24 hours. Bitcoin currently trades at $83,500. This volatility is due to the broader market instability, influenced by recent tariff policies from U.S. President Donald Trump.

Bitcoin commenced trading yesterday at $84,485. It continued the downtrend from the previous day to rest at the $84,300 support. Twenty minutes into the day, a golden cross appeared on the MACD, and Bitcoin started ascending. Several minor corrections were observed but a general uptrend ensued till 8:15 UTC. At that point, the coin’s advances were rejected by the $86,000 mark. However, the bulls persisted, and Bitcoin continued to test the resistance. But, Bitcoin failed to break across and eventually faced a reversal with the 9:30 golden death cross. A correction occurred, after which Bitcoin spiked up with a golden cross. But the golden cross could only push Bitcoin to $86,400. This upward spike met a sharp correction with a death cross at 13:55 as Bitcoin slumped to $84,950 by 14:30 UTC. An hour later, Bitcoin formed an extended downtrend, which would take it down to $83,100 by 1:00 UTC on April 15. With the market now heavily oversold, the Bitcoin price faced a reversal. However, the uptrend could only take Bitcoin to $83,950 before losing steam. Since then, Bitcoin has been down to test the support.

Bitcoin’s performance has been impressive since last week. However, projections of a potential correctional phase were being made, and it seems like the correction has arrived. But as of the latest update, Bitcoin seems to have found the bottom of this phase and is ready to stage a recovery. $84,000 posed some resistance. But if it breaks, upward movements will be easier for the coin.