Key Takeaways
- Bitcoin ETFs noticed $912.7 million in inflows on April 22, the biggest since January.
- Investor curiosity spiked after Trump criticized Fed Chair Jerome Powell.
- Bitcoin dominance rose to 64.4%, its highest since 2021.
U.S.-listed Bitcoin exchange-traded funds (ETFs) noticed an enormous resurgence in investor curiosity this week, recording their highest single-day influx in over three months.
On April 22 alone, Bitcoin ETFs pulled in $912.7 million, following $381.3 million the day prior, in line with Farside Traders.
This marks the strongest each day influx since January 17, 2025, when over $1 billion was funneled into the market amid Bitcoin’s transient rise above $100,000.
Political backdrop
The surge comes amid rising political tensions, with President Donald Trump criticizing Federal Reserve Chair Jerome Powell and reportedly exploring methods to take away him.
After Powell dominated out near-term price cuts, Trump wrote on Reality Social:
His dismissal can’t occur quick sufficient.
ETF breakdown
Main the ETF inflows was ARK 21Shares Bitcoin ETF (ARKB) with $267.1 million, adopted by Constancy’s Clever Origin Bitcoin Fund (FBTC) at $253.8 million.
BlackRock’s iShares Bitcoin Belief (IBIT) introduced in $193.5 million, whereas Grayscale’s merchandise added $86.2 million.
Bitwise’s BITB and smaller ETFs equivalent to VanEck’s HODL and Franklin Templeton’s EZBC additionally posted beneficial properties.
Market sentiment
James Butterfill, Head of Analysis at CoinShares mentioned:
This marks a major enchancment in investor sentiment.
Kadan Stadelmann, CTO at Komodo, famous that confidence in fiat is eroding:
Traders are turning to property like bitcoin.
Worth motion
On April 22, Bitcoin’s worth crossed $90,000, climbing from an April 7 low of $74,773.
On the similar time, the U.S. greenback hit multi-year lows and inventory markets posted sharp losses.