Bitcoin ETF inflows hit 3-month high amid Trump-Powell tensions
In the United States, the funds negotiated in exchange for Bitcoin recorded their highest daily entries in three months, fed by a renewed risk of risk after President Donald Trump threatened to dismiss the president of the Federal Reserve Jerome Powell.
According to data From Sosovalue, the 12 ETF Bitcoin of 12 points recorded $ 381.4 million in net admissions on April 21, more than 250% more than the entrances to the previous day and marking the highest net entries seen since January 30.
Arkb d’Ark 21Shares, which pulled $ 116.13 million, pulled $ 116.13 million, followed by FBTC from Fidelity with $ 87.61 million.
Bitb de Bitwise and the Ibit of Blackrock attracted $ 45.08 million and $ 41.62 million, while the EZBC from Vaneck and Franklin Templeton attracted $ 11.72 million and $ 10.1 million respectively.
Graycal GBTC and BTC funds also contributed to the momentum, adding $ 36.6 million and $ 32.55 million.
Despite the strong recovery of Bitcoin ETF, their Ethereum counterparts have not succeeded well, continuing a downward trend this week with $ 25.42 million in outings. This follows eight consecutive weeks of losses that have totaled nearly $ 910 million.
This wave of entries followed Inversion of last week of a two -week discharge sequence, with $ 15.85 million in net additions, pointing to the demand for institutional investors.
The overvoltage coincided with Trump once again Criticize PowellPublish on Truth Social that his “termination cannot come quickly enough” after Powell’s remarks on the delay in interest rate drops. Trump also referred to a desire for a more aggressive monetary easing, with reports suggesting that his team explores legal options to withdraw Powell.
At the same time, the increase in American trade tensions and persistent inflation problems pushed gold prices to new heights, Bitcoin seeming to follow suit. Investors consider both assets as safe paradises in the middle of a broader instability of the market.
The American markets reopened on April 21 after the Good Friday holidays, but the feeling remained negative. The S&P 500 fell 2.4%, while the Nasdaq and the DOW each dropped by 2.5%. Meanwhile, the US dollar has slipped on multi -year stockings against the main currencies, contributing to a change of preference for investors to alternative assets.
Despite the slowdown in actions, the cryptographic markets held firm during the weekend with Bitcoin (BTC) Continuing his momentum up on Monday, passing $ 88,500 on Tuesday while his market capitalization recovered over 1.75 dollars for the first time since late March.
Gold also exceeded $ 3,450 per ounce during Asian negotiation hours on April 22, while it continued to settle consecutive summits of all time Over the past two days, capital has flowed from shares.
Commenting on the situation, Komodo’s director of technology, Kadan Stadelmann, told Crypto.News that the entries reflect a broader change in the behavior of investors while confidence in traditional financial systems continues to erode.
“Fiduciary currencies lack intrinsic value and, with confidence in the American financial system, deteriorate, investors turn to assets like Bitcoin,” said Stadelmann.
According to Stadelmann, Trump’s push for aggressive rate reductions and threats to remove the president of the Fed, Jerome Powell, feeds fears of monetary instability and accelerate the loss of confidence in the dollar.
“All of these factors are good for Bitcoin, which many consider one of the refuges of the US dollar, alongside gold, other precious metals and selected cryptographic assets. Consequently, the Bitcoin ETFs see entries.
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