U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs)

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have seen almost $1 billion in combined daily net inflows

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) experienced a massive surge in daily total net inflows, reaching almost $1 billion in a single day for the first time since Donald Trump took office.

According to SoSoValue data, Bitcoin ETFs displayed a staggering return to form with a gigantic $936.43 million daily total net inflows on April 22.

So far, this brings the week’s total net inflows to $1.32 billion.

ARK 21Shares’ Bitcoin ETF (ARKB) took the lead with $267.1 million in daily inflows, pushing its total net inflows to $2.98 billion and net assets to $4.59 billion, securing the third and fourth ranks, respectively, among all spot BTC funds.

Close on its heels, Fidelity’s Wise Origin Bitcoin Fund (FBTC) pulled in $253.82 million. This brings its cumulative inflows to $11.62 billion and total net assets to $18.16 billion, securing the second place in both categories.

BlackRock’s iShares Bitcoin Trust (IBIT) experienced an addition of $193.49 million. IBIT now boasts $39.99 billion in cumulative inflows and $52.7 billion in net assets, placing it in the lead by a wide margin.

Following closely, Bitwise Bitcoin ETF (BITB) saw $76.71 million in inflows, while Grayscale’s flagship Bitcoin Trust (GBTC) reported $65.06 million in inflows.

Despite the gains, GBTC remains the worst performer in net flows, with $22.68 billion in cumulative outflows.

However, it still holds $17.51 billion in assets, placing it third behind BlackRock and Fidelity.

Among the mid-tier performers, we observe Valkyrie’s BRRR with $23.82 million in inflows, Grayscale’s new Mini Trust reporting $21.09 million in inflows, and Invesco Galaxy’s BTCO with $18.27 million in inflows.

Finally, Franklin Templeton’s EZBC experienced $10.6 million in inflows, and VanEck’s HODL reported $6.47 million in inflows.

According to SoSoValue data, Ethereum ETFs also displayed their largest inflows in months, pulling a modest $38.74 million daily total net outflows on April 22.

Only two funds saw positive flows while all others remained neutral.

Leading the gains, Fidelity’s FETH took in a sturdy $32.65 million in net inflows. With $1.39 billion in cumulative inflows, FETH is the second-best performing fund under BlackRock’s ETHA. Moreover, it ranks fourth in net assets and currently holds $649.67 million.

FETH is followed by the Bitwise Ethereum ETF (ETHW), which posted a humble $6.09 million net inflows.

ETHW ranks fourth for cumulative net inflows, now at $314.52 million, and fifth for net assets, commanding $155.59 million.