On April 22, Bitcoin ETFs attracted significant inflows totaling $912.7 million, signaling growing institutional confidence in bitcoin. ARK 21Shares Bitcoin ETF (ARKB) led with $267.1 million, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $253.8 million. This surge coincided with bitcoin's price crossing $94,000 after 51 days. The rally follows SEC Chair Paul Atkins' commitment to establish a coherent regulatory approach to digital assets, positively influencing market sentiment. As the total crypto market capitalization exceeds $2.84 trillion, these inflows contrast with previously subdued market activity, indicating a pivotal shift in investment attitudes toward cryptocurrency.
Bitcoin ETFs experienced remarkable inflows of $912.7 million on April 22, reflecting renewed institutional interest as bitcoin's price surged above $94,000, aided by new SEC leadership.
The significant inflows into Bitcoin ETFs highlight a changing sentiment among institutional investors towards cryptocurrency as a viable asset class amid uncertain traditional markets.
Pro-Bitcoin SEC Chair Paul Atkins has identified establishing a regulatory framework for digital assets as a 'top priority', further boosting confidence in the cryptocurrency sector.
ARK 21Shares Bitcoin ETF led the inflows with $267.1 million followed by Fidelity's Wise Origin Bitcoin Fund with $253.8 million, indicating strong institutional support for bitcoin.
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