Institutional Investors Boost Bitcoin Holdings Amid Macroeconomic Shifts

In April 2025, institutional investors, including sovereign wealth funds and insurance pools, significantly increased their Bitcoin exposure. This trend was driven by de-dollarization pressures, Bitcoin’s evolving correlation with tech stocks, and its rising status as an inflation hedge akin to gold. Coinbase’s institutional strategy lead, John D’Agostino, highlighted these factors as key catalysts behind the growing institutional adoption of Bitcoin.

Sovereign Wealth and Insurance Funds Accumulate Bitcoin in April

Institutional investors, from sovereign wealth funds to major insurance pools, ramped up Bitcoin exposure in April amid broader macroeconomic shifts. Coinbase’s institutional strategy lead, John D’Agostino, pinpointed three catalysts driving the trend: de-dollarization pressures, a recalibration of Bitcoin’s correlation to tech stocks, and its growing appeal as a gold-like inflation hedge. The moves reflect a deepening institutional embrace of crypto as portfolios adapt to currency debasement risks and volatile equity markets. "Bitcoin’s narrative is evolving from speculative asset to macro hedge," noted one trader, echoing Wall Street’s shifting tone. Flows into BTC ETFs and over-the-counter desks suggest the rally has legs—backed not by retail euphoria, but cold-eyed allocation strategies.

Bitcoin Rally Nears $100,000 Mark

Bitcoin’s relentless rally continues, climbing 12% in the past week to breach $93,000 as institutional money floods into spot Bitcoin ETFs. On April 22 alone, these funds saw inflows of $912.7 million, underscoring growing confidence among investors. The momentum has some analysts eyeing the $100,000 threshold, a psychological milestone that could further fuel speculative fervor. Yet not all voices are joining the chorus of optimism. Markus Thielen of 10x Research points to the stablecoin minting indicator—a gauge of fresh capital entering the crypto ecosystem—as a reason for caution. The metric remains subdued, suggesting the current surge lacks the broad-based liquidity typically needed to sustain such a sharp ascent. The divergence between ETF-driven demand and underlying market liquidity raises questions about how long this rally can last. For now, traders are riding the wave, but the absence of robust stablecoin activity hints at fragility beneath the surface.

Mark Carney’s Chances of Winning Canadian Election Improve

Mark Carney, the former Bank of England governor and a vocal advocate for central bank digital currencies (CBDCs), has emerged as the frontrunner in Canada’s upcoming April 28 election. Since assuming the role of Prime Minister in March, Carney’s pro-CBDC stance has positioned him favorably against his rival, Pierre Poilievre, a Bitcoin enthusiast and favorite of Elon Musk. Poilievre, who led early polls in January, has seen his prospects fade according to both betting markets and traditional forecasting models. The shifting political landscape underscores the growing divide between proponents of decentralized cryptocurrencies and those championing state-backed digital alternatives.

Bitcoin Supply Shows Strong April Activity from New Buyers

Bitcoin’s Relative Strength Index (RSI) surged to 100 for the first time in April, a milestone driven by an influx of first-time buyers. Despite record-high prices, demand for the cryptocurrency shows no signs of waning. This wave of new entrants could amplify market volatility, push prices higher, and accelerate broader adoption. According to Glassnode, fresh capital is pouring into Bitcoin, reflecting a bullish shift in investor sentiment. The market’s momentum suggests a growing conviction among newcomers, even as seasoned traders watch for signs of overheating. "When the tide rises, it lifts all boats—but some vessels are untested," remarked one analyst, hinting at the potential for both opportunity and turbulence ahead.

Riot Platforms Secures $100M Credit Facility from Coinbase

Riot Platforms, a Nasdaq-listed Bitcoin mining company, has secured a $100 million credit facility from Coinbase Credit, the lending division of the U.S. cryptocurrency exchange. The loan, collateralized by a portion of Riot’s Bitcoin reserves, will fund strategic growth initiatives without diluting shareholder equity. "This facility offers non-dilutive capital at a competitive rate," said CEO Jason Les, underscoring the deal’s financial efficiency. The arrangement highlights the growing convergence of traditional finance and crypto-native lending solutions as institutional players leverage digital assets for liquidity. Bitcoin-backed loans, once niche, are gaining traction among public miners seeking flexible financing amid volatile market conditions.