Bitcoin ETFs see record inflows as market sentiment improves, fueled by Trump’s comments and rising gold prices - IcoHolder.

Spot Bitcoin exchange-traded funds (ETFs) in the United States have experienced their highest daily inflows in three months, driven by renewed risk-on sentiment following President Donald Trump's recent remarks about Federal Reserve Chair Jerome Powell. On April 21, the 12 spot Bitcoin ETFs recorded a total of $381.4 million in net inflows, a surge of more than 250% compared to the previous day and the largest since January 30.

Leading the charge was ARK 21Shares’ ARKB, which attracted $116.13 million in inflows, followed by Fidelity’s FBTC with $87.61 million. Bitwise’s BITB and BlackRock’s IBIT saw $45.08 million and $41.62 million, respectively, while VanEck’s HODL and Franklin Templeton’s EZBC contributed $11.72 million and $10.1 million. Grayscale’s GBTC and BTC funds also added significant momentum with $36.6 million and $32.55 million.

This surge in Bitcoin ETF inflows contrasts sharply with the performance of Ethereum-based ETFs, which have continued their bearish trend, experiencing $25.42 million in outflows. Ethereum ETFs have seen a net loss of nearly $910 million over the past eight weeks.

The inflows come on the heels of a two-week streak of outflows, signaling improved demand from institutional investors. This shift in sentiment coincided with Trump’s renewed criticism of Powell. On Truth Social, Trump called for Powell’s removal, particularly after Powell suggested delaying interest rate cuts, and hinted at his desire for more aggressive monetary easing.

Meanwhile, rising U.S.-China trade tensions and ongoing inflation concerns have pushed gold prices to new highs, with Bitcoin mirroring this trend. Investors are increasingly viewing both Bitcoin and gold as safe-haven assets amidst broader market instability. Despite a downturn in U.S. stock markets, with the S&P 500, Nasdaq, and Dow all posting significant losses, Bitcoin has remained resilient, continuing its upward momentum and surpassing $88,500 on April 21. Bitcoin’s market capitalization has also regained traction, recovering above $1.75 trillion for the first time since late March.

Gold, meanwhile, reached new all-time highs, surpassing $3,450 per ounce, fueled by capital moving out of equities. Komodo’s Chief Technology Officer, Kadan Stadelmann, explained that this shift in investment behavior reflects growing mistrust in traditional financial systems. As confidence in fiat currencies declines, assets like Bitcoin are gaining traction as a hedge against monetary instability.

Stadelmann pointed out that Trump’s push for rate cuts and threats to oust Fed Chair Powell have intensified fears of financial instability, further eroding trust in the U.S. dollar. These factors are contributing to Bitcoin’s appeal as a safe-haven asset, alongside gold and select cryptocurrencies, and are helping drive the strong inflows into Bitcoin ETFs.