On Monday, spot bitcoin (BTC) exchange-traded funds in the U.S. posted the largest single-day net inflows in six weeks.
According to data from SoSoValue, the bitcoin ETFs attracted a total of $471.3 million in inflows on Monday across six products. Inflows were led by BlackRock's IBIT, which drew $181.9 million, followed by Fidelity's FBTC, with $147.3 million.
ARKB from Ark & 21Shares also posted a notable $118.7 million in net inflow, alongside positive flows into funds from Grayscale, Bitwise, and VanEck.
The $471.3 million total marks the highest record since Feb. 25, when the ETFs reported $506 million in net inflows. Monday's inflows have offset the $173.7 million in outflows on April 1.
"This reflects renewed institutional confidence through regulated channels following March's strong $1.32 billion monthly inflows, the first positive month of 2026 after earlier outflows," said Andri Fauzan Adziima, research lead at Bitrue.
Spot Ethereum ETFs also recorded net inflows yesterday, worth $120.2 million. This was their largest inflow total since mid-March.
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Adziima said continued inflows as structural buying could support bitcoin in moving beyond the current consolidation range. However, this move could be limited by macroeconomic uncertainties, the researcher added.
Geopolitical tensions in the Middle East have been weighing on global equities and crypto markets alike.
The conflict between the U.S. and Iran, now in its second month, continues to escalate with no near-term resolution in sight. President Donald Trump has issued a hard deadline of April 7 for Iran to reopen the Strait of Hormuz, which has been closed for weeks, spiking global oil prices.
Trump warned there will be a "complete demolition" of Iran's power plants and bridges if the deadline is not met, spurring concerns of further escalation in the war.
Once this macro overhang is resolved, analysts said traders could see a return of bullish momentum in cryptocurrencies.
"The current crypto market reflects a healthy consolidation phase transitioning into renewed bullish momentum, driven by improving macro conditions and institutional re-engagement," said LVRG Research Director Nick Ruck. "We expect bitcoin to test key resistance levels in the coming weeks, provided inflows remain robust and regulatory clarity continues to improve."
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