Bitcoin’s correlation with software stocks dropped from 1.0 to 0.13; on April 6, BTC ETF net inflows were $471 million

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2026-04-07 11:01:51

BTC-2,53%

Gate News update: On April 7, since February 28, the price performance of Bitcoin and software stocks has shown a clear divergence. Bitcoin rose more than 5% during the period and returned above $69k; iShares expanded technology software industry ETF (IGV, the U.S. technology software industry benchmark ETF) fell more than 2% over the same timeframe. The correlation between the two dropped sharply from nearly 1.0 to 0.13, and then rebounded to about 0.7. In addition, on April 6, U.S. spot Bitcoin ETFs saw a net inflow of $471 million in a single day, the highest in more than a month.

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