Big Money Keeps Buying: $1.2B Inflows as BTC $BTC Holds Strong
Institutional appetite remains firm! 🚀 Despite market caution ahead of the Fed’s April 28-29 meeting, global crypto investment products saw another $1.2 billion in net inflows last week, per CoinShares.
Bitcoin remains the king, pulling in $932.5M, bringing YTD inflows to a massive $4B. Institutional demand is clearly holding up as BTC trades near February highs. 📈
Key Highlights:
- Top Gainers: BlackRock led with $952M, followed by ARK 21Shares and Fidelity.
- Beyond BTC: Ethereum saw $192.4M inflows, while Solana ($31.8M) and XRP ($25M) also saw positive action.
- Region: The U.S. continues to dominate, accounting for $1.088B of the total.
- Trend: Blockchain equity ETFs hit record popularity with $617M in inflows over the last three weeks.
With total AUM now at $155.3B, the momentum is undeniable. Is the market bracing for the FOMC, or is the institutional bid too strong to ignore?