Bitcoin ETFs Surge with $1 Billion Inflows, Highest Since Trump’s Inauguration

In a significant development for the cryptocurrency market, CoinShares Research Director James Butterfill reported that global digital asset ETFs experienced inflows of $1 billion on April 24th, marking a total of $2.4 billion for the week. This surge represents the highest weekly inflow since the inauguration of former President Trump. Previously, on April 22nd, CoinShares documented a modest net inflow of $6 million in digital asset investment products for the previous week. Despite ongoing mixed market sentiment, these figures indicate a potential trend of recovery within the sector. As institutional interest grows, the landscape for cryptocurrency investments appears to be stabilizing, which could create promising opportunities for both retail and institutional investors.