Spot Bitcoin exchange-traded funds (ETFs) witnessed the largest daily inflows in nearly three months on April 21, totaling $381.40 million according to SoSoValue data. This surge follows geopolitical turmoil and market jitters that saw traditional markets falter. Meanwhile, Ethereum ETFs continue to experience outflows, with investors pulling out over $910 million in just eight weeks. ARK 21Shares Bitcoin ETF (ARKB) led the charge, attracting a significant $116.13 million in inflows followed by Fidelity’s FBTC ($87.61 million). Even Grayscale’s GBTC saw positive redemption activity of $36.60 million. This data signals a renewed interest in Bitcoin from institutional investors seeking stability during uncertain times. The timing coincides with recent political drama surrounding the Fed, where Donald Trump publicly called for Powell’s removal and criticized his stance on interest rate cuts. These events have sparked concerns about the Federal Reserve’s direction, prompting investors to seek refuge in traditional assets such as Bitcoin. This influx of capital underscores a clear shift towards Bitcoin, particularly within institutional circles. While Bitcoin continues to attract inflows, Ethereum ETFs are facing continued outflows. The split between these two cryptocurrencies is becoming increasingly apparent – Bitcoin is viewed as a safe haven asset during market volatility while Ethereum struggles to gain investor confidence and secure its place in the portfolio of long-term investors.