Bitcoin ETFs log $912M inflows in ‘dramatic’ investor sentiment boost

1 month ago

Investments successful Bitcoin exchange-traded funds (ETFs) person rebounded to levels past seen successful January, signaling a betterment successful capitalist sentiment from concerns astir planetary commercialized tariff escalations.

US spot Bitcoin (BTC) ETFs had implicit $912 cardinal worthy of cumulative nett inflows connected April 22, marking their highest regular concern successful much than 3 months since Jan. 21, Farside Investors information shows.

“Bitcoin ETPs conscionable saw the largest regular inflows since 21st January successful a melodramatic betterment successful sentiment,” according to James Butterfill, caput of probe astatine CoinShares.

Investor sentiment appeared to amended aft US President Donald Trump said that import tariffs on Chinese goods volition “come down substantially,” adopting a softer code successful negotiations.

The de-escalation and increasing ETF inflows pushed Bitcoin terms supra $93,000 for the archetypal clip successful 7 weeks, Cointelegraph reported connected April 23.

The increasing organization concern and beingness of ETFs whitethorn besides accelerate the historic four-year cycle and bolster BTC to caller highs earlier the extremity of 2025, analysts told Cointelegraph.

US dollar weakness whitethorn reenforce Bitcoin’s safe-haven appeal

The US dollar’s weakness whitethorn besides lend to the increasing capitalist request for Bitcoin.

The US Dollar Index (DXY), which measures the spot of the greenback against a handbasket of starring fiat currencies, fell astir 9% since the opening of 2025, to an implicit three-year debased of 98.8 past seen successful April 2022, TradingView information shows.

“Macro factors similar a weakening dollar and rising golden correlation,” whitethorn reenforce Bitcoin’s entreaty arsenic a hedge against economical volatility, Ryan Lee, main expert astatine Bitget Research, told Cointelegraph.

Bitcoin nary longer trading successful the “shadow of tech”

Crypto and accepted banal markets are “walking a tightrope betwixt governmental play and economical reality,” with Bitcoin staging a important rebound acknowledgment to “strong ETF inflows, organization acquisitions, and a weakening US dollar,” according to Nexo dispatch expert Iliya Kalchev:

“Bitcoin’s spot amid dollar weakness, grounds golden prices, and renewed organization buying reflects a marketplace recalibrating what information looks like.”

“The speech has intelligibly shifted. Bitcoin is nary longer trading successful the shadows of tech — it’s becoming a lens done which macro uncertainty is priced,” helium added.

Nansen CEO Alex Svanevik besides praised Bitcoin’s resilience, noting that the maturing plus is becoming “less Nasdaq — much gold” implicit the past 2 weeks, progressively acting arsenic a harmless haven plus against economical turmoil, but concerns implicit economical recession whitethorn bounds its terms trajectory.

On April 21, BitMEX co-founder Arthur Hayes predicted that this mightiness beryllium the “last chance” to buy Bitcoin beneath $100,000, arsenic the incoming US Treasury buybacks whitethorn awesome the adjacent important catalyst for Bitcoin price.

Magazine: Bitcoin’s likelihood of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

Investments successful Bitcoin exchange-traded funds (ETFs) person resurged to January’s levels, signaling a important betterment successful capitalist sentiment from the concerns related to planetary commercialized tariff escalations.

The US spot Bitcoin (BTC) ETFs received implicit $912 cardinal worthy of cumulative nett inflows connected April 22, marking the highest regular concern successful implicit 3 months since Jan. 21, Farside Investors information shows.

“Bitcoin ETPs conscionable saw the largest regular inflows since 21st January successful a melodramatic betterment successful sentiment,” wrote James Butterfill, caput of probe astatine CoinShares, successful an April 23 X post.

Investor sentiment was importantly improved aft US President Donald Trump said that import tariffs on Chinese goods will “come down substantially,” showcasing a softer code successful negotiations.

The notable de-escalation and the increasing ETF inflows pushed Bitcoin terms supra $93,000 for the archetypal clip successful 7 weeks, Cointelegraph reported connected April 23.

The increasing organization concern and beingness of ETFs whitethorn accelerate the historic four-year cycle and bolster Bitcoin to caller highs earlier the extremity of 2025, analysts told Cointelegraph.

Bitcoin nary longer trading successful the “shadow of tech”

Crypto and accepted banal markets are “walking a tightrope betwixt governmental play and economical reality,” with Bitcoin staging a important rebound acknowledgment to “strong ETF inflows, organization acquisitions, and a weakening USD,” according to Nexo dispatch expert Iliya Kalchev.

The expert told Cointelegraph, adding:

“Bitcoin’s spot amid dollar weakness, grounds golden prices, and renewed organization buying reflects a marketplace recalibrating what information looks like.”

“The speech has intelligibly shifted. Bitcoin is nary longer trading successful the shadows of tech — it’s becoming a lens done which macro uncertainty is priced,” the expert added.

Magazine: Bitcoin’s likelihood of June highs, SOL’s $485M outflows, and more: Hodler’s Digest, March 2 – 8

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