U.S. spot Bitcoin ETF funds regain momentum, attracting over $500 million on Wednesday, marking the best performance in nearly three weeks and indicating a revival of investor optimism from extreme pessimism.
According to SoSoValue data, all 12 Bitcoin spot ETFs in the U.S. saw a net inflow of $506.5 million on Wednesday, with BlackRock’s IBIT receiving a net inflow of $297.4 million. Other funds, including Fidelity and Grayscale, also recorded net inflows.
Vincent Liu, Chief Investment Officer at Kronos Research, said, “The inflow of funds indicates that, after a period of de-risking, institutional investors are shifting towards cautious accumulation. However, overall positions remain restrained, suggesting that while market sentiment is stabilizing, it has not yet become blindly optimistic.”
In fact, since the beginning of this year, increased market volatility and declining prices have severely impacted confidence among both retail and institutional investors. As of February 20, Bitcoin spot ETFs have experienced five consecutive weeks of net outflows, losing over $3.8 billion.
Besides Bitcoin’s strong performance, Ethereum (ETH), Ripple (XRP), and Solana (SOL) ETFs also saw net inflows on Wednesday. Ethereum ETFs attracted $157 million in a single day; Solana ETFs saw inflows of $30.9 million, reaching the highest single-day inflow since mid-December 2025.
With funds entering the market, prices have also rebounded sharply. Bitcoin, which dipped below $63,000 earlier this week, has now recovered to around $68,000. Ethereum surged 7.6%, stabilizing above $2,000.
However, market vitality may not be fully restored. The Crypto Fear & Greed Index has risen to 11 (out of 100), a significant improvement from earlier this week’s reading of 5, but still in the “Extreme Fear” zone.
Market speculation surrounds this strong rebound. Some investors attribute it to the temporary pause of the so-called “dumping wave” led by Jane Street, which traditionally occurred daily at 10 a.m. Eastern Time. Rumors suggest that since Jane Street was sued by Terraform Labs, the “10 a.m. dump” phenomenon has disappeared.
However, analysts warn against overemphasizing a single factor. Jeff Park, advisor at Bitwise, stated that no single institution can dominate the entire cryptocurrency market’s trend.
Nick Ruck, Director of the LVRG Research Center, said, “Although reports suggest that Jane Street’s dumping wave has paused, easing concerns about selling pressure, it appears that this rebound is more of a short-term breather rather than a long-term reversal of fundamentals.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute drop of 0.69%: Price pressure from declining burn volume and short-term capital arbitrage
2026-04-09 18:00 to 2026-04-09 18:15 (UTC), ETH closed down 0.69% within a 0.88% intraday trading range, with the price fluctuating between 2203.91 and 2223.58 USDT. Trading volume in this range rose slightly, market attention stayed high, but short-term volatility increased, prompting investor caution.
The main drivers behind this unusual move are that ETH on-chain Gas fees have fallen to historical lows, causing the EIP-1559 burn amount to decline. As a result, the net-supply contraction effect weakened, and the supply-demand structure faced adjustment pressure in the short term. Meanwhile,
GateNews3h ago
ETH 15-minute pump of 0.71%: spot marginal buy pressure amplifies liquidity, pushing the short-term move higher
2026-04-09 17:00 to 2026-04-09 17:15 (UTC), the ETH price fluctuated in the range of 2207.09 to 2224.42 USDT, recording a positive return of +0.71%, with an amplitude of 0.78%. The short-term price increase attracted market attention. Although overall sentiment remains relatively cautious, volatility in the spot market has increased.
The main driving force behind this move was that the spot market saw marginal active buy orders amid a backdrop of tighter derivatives conditions and an overall contraction in liquidity. As ETH perpetual contract open interest and trading volume both saw a clear decline (within 24 hours, it c
GateNews4h ago
ETH 15-minute pump 1.31%: On-chain capital inflows and whale buying power are in sync, driving the rally
2026-04-09 15:30 to 2026-04-09 15:45 (UTC), the ETH price closed at 2219.86 USDT, with a range low of 2181.68 USDT. The 15-minute return was +1.31%, and the amplitude was 1.75%. During this period, market trading activity was active, attention increased significantly, and short-term volatility intensified.
The main drivers of this unusual move are on-chain capital inflows and persistent buying by large whales. First, on-chain trading volume suddenly surged during the window above; the frequency of large transfers increased, indicating that institutions or major players entered quickly. At the same time, active addresses
GateNews6h ago
Bitcoin ETF Sees $159.62M Single-Day Outflow While Ethereum and Solana ETFs Continue Negative Trend
Gate News message, according to April 9 data, Bitcoin ETFs recorded a single-day net outflow of 2,242 BTC (valued at $159.62M), while showing a 7-day net inflow of 2,723 BTC ($193.89M). Ethereum ETFs experienced a single-day net outflow of 23,158 ETH ($50.48M), with 7-day net outflows reaching 22,90
GateNews6h ago
Ethereum developer Joe Schiarizzi runs for Virginia congressional seat as a Democrat
Gate News update: On April 9, Ethereum developer Joe Schiarizzi is running for Congress in Virginia as a Democrat. Joe Schiarizzi says he is against Trump and argues that cryptocurrencies should focus on public-interest use cases, not be used for political profit. He also criticizes some lawmakers who support cryptocurrencies as opportunists, saying these people have no real interest in the underlying crypto technology.
GateNews7h ago
