U.S. spot Bitcoin ETFs recorded $220 million in net inflows as Bitcoin's price dipped below $83,000 on April 2, indicating continued confidence in the asset.
Leading Bitcoin ETFs like Ark Invest and 21Shares' ETF (ARKB) saw the highest daily net inflow of $130.15 million, bringing their total assets under management to $4.14 billion.
Despite Bitcoin ETFs experiencing a decline in market activity in March, the Bitcoin derivatives market has shown strength with significant trading volume and increased options volume.
Institutional adoption of Bitcoin continues to grow, with Grayscale Investments announcing two new ETFs and Tokyo Stock Exchange-listed firm Metaplanet strengthening its Bitcoin holdings.