Bitcoin ETFs Achieve Record Inflows in April Amid Price Surge
- Bitcoin ETFs attracted $1.97 billion in inflows in April, surpassing March’s $1.37 billion.
- The total net inflows for Bitcoin ETFs in the year reached approximately $1.47 billion.
- April saw a significant rise of about 12% in Bitcoin’s price, marking its strongest monthly gain since April.
- The Morgan Stanley Bitcoin Trust ETF generated around $194 million in inflows since its launch on April 8.
- Ether (ETH) ETFs recorded their first monthly inflow since October, totaling $356 million.
April’s strong performance for Bitcoin ETFs comes ahead of the May filing season when major institutions will report their ETF holdings for Q1 of this year. Despite late-month outflows of around $490 million, the overall trend remained positive for the month.
Overall, Bitcoin ETFs have seen substantial growth with cumulative net inflows exceeding $58 billion since inception, highlighting strong investor interest and market recovery.(Source)
