Bitcoin ETF attracts $470 million, setting a 6-week high! Analyst: “A breakout rally is brewing.”

U.S. Bitcoin spot ETFs once again demonstrated impressive capital-raising power on Monday. The single-day net inflow set a new high for the past six weeks, signaling that institutional investor confidence is strongly returning. Analysts noted that if structural buying continues to flow back, it could help Bitcoin break through its consolidation range, though this rally may be restrained by broader macroeconomic uncertainties.

According to SoSoValue data, on Monday a total of 6 Bitcoin spot ETFs recorded net inflows, bringing in $471.3 million in total. Among them, BlackRock’s IBIT was the standout performer, attracting $181.9 million in a single day; Fidelity’s FBTC followed closely with $147.3 million; ARKB, jointly launched by ARK Invest and 21Shares, also received $118.7 million in net inflows. Bitcoin ETFs from Grayscale, Bitwise, and VanEck likewise showed positive inflows.

A single-day net inflow of as much as $471.3 million is the peak after the $506.0 million record set on February 25 this year. More importantly, the strong buying on Monday has fully offset the $173.0 million capital outflow on April 1.

Bitrue research head Andri Fauzan Adziima said, “This reflects a trend of institutions regaining confidence through compliant channels after the strong $1.32 billion monthly net inflow in March. March was also the first month to post net inflows since 2026.”

On the other hand, Ethereum spot ETFs also recorded a net inflow of $120.2 million on Monday, marking the best single-day inflow performance since mid-March.

Analyst: Structural buying supports the market, but macro variables are still at play

Despite frequent positive signals from fund flows, the market still has concerns. Andri Fauzan Adziima reminded that steady structural buying can indeed provide strong support for Bitcoin to break out of its consolidation range; however, this rally is likely to be restrained by broader macroeconomic uncertainties.

Ongoing geopolitical tensions in the Middle East continue to weigh on global stock markets and the crypto market. The U.S.–Iran conflict has entered its second month, with no sign of short-term easing. U.S. President Trump issued a final warning, demanding that Iran restart the Hormuz Strait—closed for weeks—by April 7, or else it will “completely destroy” Iran’s power plants and bridge infrastructure. These remarks have raised market fears that the fighting could escalate further, and they have also pushed global oil prices higher.

Analysts generally believe that once the gloom of geopolitics and the broader economy lifts, the crypto market will quickly regain upward momentum.