Investments in Bitcoin exchange-traded funds (ETFs) have surged back to levels reminiscent of January, indicating a revival in investor confidence following worries about escalated global trade tariffs.
US spot Bitcoin (BTC) ETFs recorded over $912 million in total net inflows on April 22, signifying their peak daily investment in over three months since January 21, according to Farside Investors data.
“Bitcoin ETPs witnessed the largest daily inflows since January 21 in a notable shift in sentiment,” stated James Butterfill, head of research at CoinShares.
Related: Analyst predicts Bitcoin could reach $1.8M by 2035
Investor confidence seemed to recover after US President Donald Trump announced that import tariffs on goods from China will “significantly decrease,” showing a more conciliatory approach to discussions.
The easing of tensions and the surge in ETF inflows led Bitcoin’s price to rise above $93,000 for the first instance in seven weeks, as per a report by Cointelegraph on April 23.
The increased institutional investment and the presence of ETFs might also accelerate the historic four-year cycle and elevate BTC to unprecedented heights before the conclusion of 2025, analysts conveyed to Cointelegraph.
The weakness of the US dollar may enhance Bitcoin’s safe-haven status
The declining US dollar could play a role in the rising interest of investors in Bitcoin.
The US Dollar Index (DXY), which gauges the dollar’s strength against a variety of leading fiat currencies, has dropped nearly 9% since the start of 2025, reaching an over three-year low of 98.8 last observed in April 2022, according to data from TradingView.
“Macroeconomic elements such as a weakening dollar and increased correlation with gold,” may reinforce Bitcoin’s allure as a safeguard against financial instability, Ryan Lee, chief analyst at Bitget Research, informed Cointelegraph.
Bitcoin is no longer moving in the “shadow of technology”
The crypto and conventional stock markets are “navigating a precarious path between political upheaval and economic reality,” with Bitcoin making a notable comeback due to “strong ETF inflows, institutional purchases, and a faltering US dollar,” according to analyst Iliya Kalchev from Nexo:
“Bitcoin’s resilience amid dollar weakness, record gold prices, and renewed institutional activity reflects a market re-evaluating its concept of safety.”
“The narrative has undoubtedly transformed. Bitcoin is no longer trading in the shadow of technology — it’s emerging as a perspective through which macroeconomic uncertainties are being priced,” he added.
Nansen CEO Alex Svanevik also commended Bitcoin’s persistence, indicating that the evolving asset is becoming “less correlated with Nasdaq and more like gold” over the past fortnight, increasingly serving as a safe haven asset amidst economic turbulence, though anxieties regarding a potential recession could restrain its price growth.
On April 21, BitMEX co-founder Arthur Hayes speculated that this could be the “final opportunity” to acquire Bitcoin for under $100,000, as forthcoming US Treasury buybacks may denote the next major catalyst for Bitcoin value.
