Goldman Sachs Enters Bitcoin ETF Market as Daily Inflows Surge to $411 Million

Institutional adoption of Bitcoin accelerated Tuesday as Goldman Sachs filed with US regulators to launch a Bitcoin-linked ETF, signaling a strategic pivot for the investment bank. The move follows the recent launch of the Morgan Stanley Bitcoin Trust ETF (MSBT). The filing coincided with a strong recovery in spot Bitcoin ETF activity, with daily inflows reaching $411.5 million. This represents the second-largest daily inflow for April and has pushed total assets under management (AUM) above $96.5 billion, the highest level since mid-March. Consequently, total net flows for 2026 have returned to positive territory, currently sitting at approximately $245 million year-to-date. BlackRock’s iShares Bitcoin Trust (IBIT) led the daily gains with roughly $214 million in inflows. Other significant contributors included the ARK 21Shares Bitcoin ETF (ARKB) with $113 million and the Fidelity Wise Origin Bitcoin Fund (FBTC) with $45 million. Morgan Stanley’s MSBT also extended its inflow streak to five days, totaling $84 million. The bullish sentiment extended to the broader digital asset market. Spot Ether (ETH) ETFs recorded $53 million in inflows, while XRP and Solana funds saw gains of $11 million and over $1 million, respectively. Even Dogecoin ETFs saw modest inflows of approximately $187,000. Bitcoin's price reacted positively to the news, briefly breaching the $75,000 threshold for the first time since March 17. While the price later retraced to trade around $73,852, the Crypto Fear & Greed Index rose above 20, indicating a slight improvement in overall market sentiment.