Bitcoin ETF Net Inflows Surge to $917 Million, Signaling Institutional Interest

A significant influx of money into Bitcoin exchange-traded funds (ETFs) reached a whopping $917 million on April 23rd. This surge reflects growing interest from institutional investors, particularly prominent players like BlackRock. Notably, BlackRock’s IBIT ETF saw a remarkable inflow of $643.9 million alone. Other major contributors included Ark Invest and Fidelity. This influx coincided with Bitcoin prices surging over 22%, driven by factors such as cooling inflation data and increased trading activity. The surge also triggered substantial short liquidations exceeding $800 million, adding another layer to the market dynamics.