U.S. Eastern Time April 17th, U.S. crypto spot ETF funds saw a large-scale rebound, with Bitcoin spot ETF registering a net inflow of $663.9 million in a single day, Ethereum spot ETF logging a net inflow of $127.4 million, and Ethereum ETF even achieving seven consecutive trading days of positive inflows.

$BTC ‌
The easing of geopolitical conditions has become the key driving force behind this round of market performance. Iran announced the opening of the Strait of Hormuz for commercial navigation, and the pullback in oil prices helped improve global risk sentiment. Bitcoin broke above $77,000, and Ethereum held steady above $2,400. Previously restricted institutional allocation channels have been fully opened.
$ETH ‌
On the capital side, there are clear signs of institutionalization. BlackRock, Fidelity, and other leading asset management products have captured the vast majority of inflow funds. The rally in this round is led by large institutions increasing compliant positions, rather than being a retail-driven market. Ethereum ETF inflows have been climbing step by step; its spot ETF assets’ net value is currently $14.263 billion, and the share of the market value of its holdings continues to rise. Bitcoin spot ETF’s total scale has surpassed the $100 billion mark; combined, the two major types of mainstream crypto ETFs manage nearly $120 billion in assets.
$RAVE ‌
As global crypto investment products ended five straight weeks of capital outflows, the market’s funding situation has completely reversed. Unlike short-term, pulse-like market moves, this round of sustained inflows, together with improvements in the macro environment and multiple tailwinds from institutional holdings rebalancing, brings additional positives. Compliant ETFs provide long-term, stable spot buying, effectively hedging selling pressure in the market. This signals that the trend toward institutional allocation of crypto assets continues to strengthen, providing solid support for the market.
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