🚨💥Spot Bitcoin ETFs Post Strongest Day Since Late February as $471 Million Pours In



Bitcoin ETFs had their best day in over a month on April 6, pulling in $471.32 million in net inflows and pushing cumulative totals to $56.43 billion. Not a single fund posted outflows. BlackRock's IBIT led with $181.89 million, followed by Fidelity's FBTC at $147.32 million and Ark's ARKB at $118.76 million; the three together accounted for roughly 95% of the day's total.

The strong institutional appetite arrived against a deteriorating on-chain backdrop. CryptoQuant data shows 30-day apparent demand fell to approximately -87,600 BTC by April 5. Wallets holding 1,000–10,000 BTC have flipped to net distribution, with 1-year holdings swinging from roughly +200,000 BTC at the 2024 peak to about -188,000 BTC, one of the most aggressive distribution cycles on record.

Ethereum ETFs also snapped a two-day outflow streak, pulling in $120.24 million and marking the highest single-day total since March 17. So institutions are buying the dip. Whether the market rewards that conviction depends on what happens in the Strait of Hormuz tonight.
$BTC $ADA $ETH #GateSquareAprilPostingChallenge
BTC0.21%
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