Bitcoin ETFs See $912M Inflows, Price Surges 10%

Investments in Bitcoin exchange-traded funds (ETFs) have rebounded to levels last seen in January, indicating a recovery in investor sentiment following concerns over global trade tariff escalations. On April 22, US spot Bitcoin (BTC) ETFs experienced over $912 million in cumulative net inflows, marking the highest daily investment in more than three months since January 21. This significant inflow was noted by James Butterfill, head of research at CoinShares, who described it as a "dramatic improvement in sentiment."

The shift in investor sentiment can be attributed to the softer tone adopted by US President Donald Trump in negotiations, who stated that import tariffs on Chinese goods would "come down substantially." This de-escalation, coupled with the growing ETF inflows, pushed the Bitcoin price above $93,000 for the first time in seven weeks. Analysts suggest that the increasing institutional investment and presence of ETFs may accelerate the historic four-year cycle, potentially driving Bitcoin to new highs before the end of 2025.

The weakening of the US dollar may also be contributing to the growing demand for Bitcoin. The US Dollar Index (DXY), which measures the strength of the greenback against a basket of leading fiat currencies, fell nearly 9% since the beginning of 2025, reaching an over three-year low of 98.8 in April 2022. This macroeconomic factor, along with rising gold correlation, may reinforce Bitcoin’s appeal as a hedge against economic volatility. Ryan Lee, chief analyst at Bitget Research, noted that these factors could bolster Bitcoin’s safe-haven appeal.

Crypto and traditional stock markets are navigating a complex landscape of political drama and economic reality. Bitcoin has staged a significant rebound, driven by strong ETF inflows, institutional acquisitions, and a weakening US dollar. This resilience reflects a market recalibrating its perception of safety, with Bitcoin increasingly seen as a lens through which macro uncertainty is priced. Nexo dispatch analyst Iliya Kalchev highlighted that Bitcoin is no longer trading in the shadows of tech but is becoming a safe haven asset against economic turmoil. Nansen CEO Alex Svanevik echoed this sentiment, noting that Bitcoin is becoming "less Nasdaq — more gold," although concerns over economic recession may limit its price trajectory.

On April 21, BitMEX co-founder Arthur Hayes predicted that this might be the "last chance" to buy Bitcoin below $100,000, as the incoming US Treasury buybacks may signal the next significant catalyst for Bitcoin price. This prediction underscores the potential for further price appreciation as institutional interest continues to grow.