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U.S. Crypto ETFs Show Bitcoin Inflow While Ethereum Extends Gains

U.S. Crypto ETFs Show Bitcoin Inflow While Ethereum Extends Gains

According to SoSoValue, U.S. spot Bitcoin ETFs drew about $664 million on April 17, their strongest daily intake since January, as a ceasefire-linked reopening of the Strait of Hormuz improved broader risk appetite.

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Fact Check
The claim is closely supported by the fetched PANews article, which specifically states that U.S. spot Bitcoin ETFs recorded $664 million in net inflows on April 17, with BlackRock IBIT and Fidelity FBTC leading, and that total net assets reached $101.453 billion. This matches the user’s statement in both direction and magnitude. The Odaily link was independently traced to a Lookonchain X post, which is consistent with the article ecosystem around this claim, though that X post was not directly retrievable here. Because the strongest directly validated evidence is PANews citing SoSoValue rather than a directly fetched SoSoValue page, the claim is best assessed as likely true rather than fully confirmed with high confidence.
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Summary

U.S.-listed spot Bitcoin ETFs recorded approximately $664 million in net inflows on April 17, their largest single-day intake since January, according to SoSoValue. BlackRock’s IBIT led with $284 million, followed by Fidelity’s FBTC at $163.4 million, ARK 21Shares’ ARKB at $117.9 million, and Morgan Stanley’s newly launched MSBT at $16.6 million. The inflow surge followed news that the Strait of Hormuz had reopened to commercial shipping during a ceasefire, a development announced by Iran’s foreign minister and later confirmed by US President Donald Trump, which eased immediate concerns about energy supply disruption and supported a broader rotation into risk assets. For the week, U.S. spot Bitcoin ETFs attracted $996 million, their strongest weekly performance since roughly $1.4 billion in early January, extending the current inflow streak to three consecutive weeks and bringing the three-week total to around $1.7 billion. Ecoinometrics said the recent ETF flow pattern still shows inconsistent daily demand, with inflows mixed with outflows, and argued that Bitcoin remains near baseline flow levels rather than in a conviction-driven breakout.

Terms & Concepts
  • ETF: An exchange-traded fund, a listed investment vehicle that lets investors gain exposure to an asset without directly holding it.
  • Net inflows: The amount of money entering a fund after subtracting withdrawals over a specific period.
  • IBIT: BlackRock’s iShares Bitcoin Trust, a U.S.-listed spot Bitcoin ETF.