Bitcoin ETFs Witness $1.8 Billion Surge in Two Days, Signaling Strong Investor Confidence
Spot Bitcoin ETFs have recorded a staggering $1.8 billion in inflows over just two days, marking a significant reversal from the outflow trend observed earlier in April. This surge underscores growing investor confidence in Bitcoin as a mainstream asset class, with major players like BlackRock, Ark, and Fidelity leading the charge.
Spot Bitcoin ETFs See $1.8 Billion Inflows in Two Days, Reversing April’s Outflow Trend
Spot Bitcoin ETFs recorded $917 million in inflows on April 23, building on the previous day’s $912.7 million surge. The two-day total of $1.8 billion represents approximately 19,300 BTC at current prices, effectively erasing the outflow trend that dominated early April.
BlackRock’s IBIT led the charge with $634.2 million inflows, while Ark’s ARKB and Fidelity’s FBTC attracted $129.5 million and $124.4 million respectively. Bitwise’s BITB saw a marginal $15.2 million outflow after a week of steady gains. Grayscale’s GBTC remained flat for the second consecutive day, marking a notable pause after its early-month redemption wave.
Riot Platforms Secures $100M Bitcoin-Backed Credit Facility from Coinbase
Riot Platforms, a prominent Bitcoin mining firm, has unlocked a $100 million credit facility backed by its Bitcoin reserves. The deal with Coinbase Credit provides flexible financing at a 7.75% annual interest rate, maturing in 364 days. Funds will be drawn in tranches over two-month periods to support operational expansion and corporate initiatives.
The arrangement underscores institutional confidence in Bitcoin-collateralized lending while allowing Riot to maintain equity control. This strategic move follows growing adoption of crypto-native financing structures among public mining companies.
Bitcoin Surges Past $94,000, Sparking Renewed Bullish Sentiment
Bitcoin’s price rally above $94,000 on April 23 has reignited market optimism, with analysts eyeing a potential push toward $130,000. The resurgence reflects a combination of accumulation by long-term holders and renewed interest from short-term traders.
A significant sell wall looms NEAR $97,000, but the broader narrative remains focused on Bitcoin’s upward trajectory. Market participants are balancing euphoria against caution as capital flows back into the crypto asset.
Bitcoin Exchange Deposits Plunge, Is 2017-Style Crypto Bull Run Ahead?
Bitcoin’s price surged 9.4% over the past week, with a notable 9.65% single-day spike between April 21 and 22. This rally coincides with a decline in Bitcoin deposits to exchanges—a pattern reminiscent of the lead-up to the 2017 bull run.
Crypto analyst Axel Adler Jr. highlights a steady drop in Bitcoin addresses sending BTC to exchanges since 2022. Current metrics show a 30-day average of 52,000 depositing addresses, far below the yearly average of 71,000 and the decade-long norm of 92,000. Reduced exchange inflows often signal long-term holding behavior, historically preceding major price rallies.
Metaplanet Surpasses 5,000 Bitcoin Holdings Amid BTC Price Consolidation
Tokyo-based investment firm Metaplanet has crossed a significant threshold, accumulating over 5,000 Bitcoin in its portfolio. The latest purchase of 145 BTC brings the company halfway to its ambitious target of 10,000 BTC by 2025, signaling strong conviction in Bitcoin’s long-term value proposition.
Bitcoin’s price hovers around $92,397 with subdued 24-hour volatility of 1.4%, as the broader market shows signs of consolidation. Metaplanet’s aggressive accumulation strategy contrasts with this period of relative price stability, highlighting institutional divergence in market participation.
The move comes amid growing global adoption of cryptocurrency assets, with public companies increasingly treating Bitcoin as a CORE treasury reserve. Metaplanet’s regulatory filings reveal a systematic approach to building its position, unaffected by short-term price fluctuations.
