Spot Bitcoin ETFs pull in $664M, largest daily inflow since January

US-listed spot Bitcoin ETFs recorded their largest single-day capital inflow since January on April 17, as the reopening of the Strait of Hormuz sparked a broader market rotation into risk assets. According to SoSoValue data, the 12 products drew approximately $664 million in fresh capital on April 17. BlackRock's IBIT led inflows, followed by Fidelity's FBTC and Ark's ARKB. The surge coincided with BTC breaking above its 7-month resistance at $75,500 and was framed by CryptoSlate as 'borrowed conviction' — inflows driven by oil-market relief rather than a fundamental thesis shift.