LATEST: Bitcoin ETFs Experience $381 Million Inflows Highest Since January

Bitcoin exchange-traded funds in the US recorded their biggest single-day net inflows since January signaling renewed investor confidence in the crypto market. On April 21 the 11 Bitcoin-tracking ETFs pulled in a combined $381.3 million according to data from CoinGlass.

Leading the charge was the ARK 21Shares Bitcoin ETF which attracted $116.1 million in fresh investments. Fidelity’s Wise Origin Bitcoin Fund followed with $87.6 million while Grayscale’s GBTC and Mini Trust ETF brought in $69.1 million together. BlackRock’s iShares Bitcoin Trust also saw strong support with $41.6 million in inflows.

This surge comes after a challenging few weeks for crypto ETFs due to market uncertainty and global tariff tensions. Bitcoin prices had dipped to a low of $74773 earlier in April but are now showing signs of recovery. The latest inflows mark a bullish shift as investors rally behind crypto’s long-term growth potential.

 CoinGlass Data

$5,000 Calling: Will Pectra Lift Ethereum To Its Next All-time High?

After losing more than half its value for the year-to-date, sagging Ethereum (ETH) could be readying for a resurgence. 

On May 7th the number two blockchain’s long-awaited Prague-Electra (Pectra) upgrade will leave the testnet and move to go-live. It promises to improve user experience, enhance network efficiency, lower gas fees and make life easier for institutions looking to bring assets and services into the DeFi ecosystem.

Removing barriers to entry for TradFi is crucial. Pectra accommodates bigger staking positions by reducing the need for multiple network nodes. With a less onerous process, Ethereum caretakers hope to create stronger liquidity lockups and an environment…

Read more on Benzinga

The Gold Bug Caught Holding ‘Digital Gold’

Peter Schiff has built a career on deriding Bitcoin. The outspoken gold evangelist and fund manager famously scoffed in 2019, “Keep dreaming. Bitcoin is never going to hit $100,000!”1. To Schiff, the world’s largest cryptocurrency has long been nothing but “digital fool’s gold” – a speculative bubble destined to pop, or as he put it in 2023, “still going to zero…just traveling a long road”2. Yet in a twist laced with irony, recent disclosures reveal that Schiff’s own asset management arm quietly gained exposure to a bitcoin-backed bond late last year. In other words, the man who equated bitcoin with tulip mania now finds his firm unwittingly invested in a bond…

Read more on BitcoinMagazine

Bitcoin Is Decoupling—and It Doesn’t Care About Tariffs Or Earnings Reports

Bitcoin’s decoupling from traditional markets is becoming more visible as global capital stress intensifies. A resurgence of tariffs, elevated interest rates, and softening corporate earnings have introduced renewed volatility across equities and credit markets. Many large-cap companies are underperforming, weighed down not by fundamentals alone, but by geopolitics, trade policy, and policy uncertainty.

And yet—Bitcoin price is gaining ground.

Its movement is not erratic. It is not detached from reality. It is increasingly independent—not just in terms of asset performance, but in the forces that drive it. Bitcoin is beginning to behave less like a high-beta equity instrument and…

Read more on BitcoinMagazine

LATEST: MetaPlanet Will Purchase 10,000 Bitcoins to Strengthen Corporate Value by Year-End

Metaplanet CEO Simon Gerovich reaffirms the company’s strategy to build long-term enterprise value rather than focusing on short-term stock gains. He expresses gratitude towards shareholders who support their vision despite market volatility. Metaplanet’s goal is to become a leading Bitcoin treasury company globally with transparent progress updates.

Under Gerovich’s leadership Metaplanet has notably increased its Bitcoin holdings to 4,855 BTC making it the largest in Asia and among the top ten worldwide. The company aims to double this amount as it also improves BTC per share by 119.3% annually. Strategic financial operations have added an impressive 2,174 BTC to their assets showcasing their effective financial strategies.

The number of Metaplanet shareholders has grown from 10,000 to 65,000 within two years indicating a surge in investor interest. Gerovich commits to ongoing communication with global investors enhancing shareholder value and focusing on long-term gains consistent with the company’s fundamental strengths.

Source

Bitcoin ETFs Saw $381 Million In Inflows, Highest Since January

Bitcoin ETFs witnessed net inflows of $381.3 million on April 21, marking their largest single-day influx since January 30, when the funds attracted $588.1 million. The surge comes as bitcoin markets show resilience despite traditional financial markets facing headwinds.

The ARK 21Shares Bitcoin ETF (ARKB) led the day’s inflows with $116.1 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $87.6 million. Grayscale’s products, including the Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC), collectively drew $69.1 million in new investments.

The strong ETF performance occurred while U.S. equity markets experienced significant pressure, with major indexes…

Read more on BitcoinMagazine

China’s M2 Money Supply Hits Record High

Bitcoin may be about to take off as China’s money supply just hit an all-time high.

In the past few weeks China’s M2 money supply — which includes cash, savings and liquid deposits — has reached 326 trillion Yuan or $44.7 trillion.

This is getting global attention, especially from bitcoin analysts who think it will push the scarce digital asset to the much-awaited $90,000 price.

China’ M2 money supply graph — Bitcoin News on X

“China’s M2 money supply just hit 326 trillion. The money printers are back on. Risk assets are about to go parabolic,” said analyst Kong Trading.

M2 money supply is an economic indicator used to track how much liquid…

Read more on bitcoinnews

LATEST: Coinbase Introduces XRP and Nano XRP Futures Contracts for Trading

Coinbase has launched two XRP futures contracts on its derivatives exchange offering traders new ways to gain exposure to the fourth-largest cryptocurrency. This move gives both retail and institutional investors fresh tools to manage risk and tap into XRP’s price movements.

One of the new contracts called nano XRP futures represents 500 XRP per contract and is settled in US dollars. It targets smaller investors and traders with lower capital looking for affordable entry into the XRP market. The second product is a larger contract representing 10000 XRP per contract designed for active traders and institutions.

These launches expand Coinbase Derivatives’ growing lineup of regulated products which already includes over 20 futures on crypto assets like Bitcoin Ether and Solana. The announcement follows Ripple’s legal win over the SEC and growing interest from asset managers filing for XRP-related funds. This marks another step toward mainstream adoption of crypto in regulated markets.

Solana’s biggest DePIN is setting records

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

Crypto cycles tend to have two big innovations: something real and something ridiculous that distracts retail, pumps the wrong narrative and eventually implodes the market.

We’ve had a ton of innovations this cycle, but none have really stuck because memecoins showed up early and stole the show. However, if recent momentum from projects like Helium is anything to go by, the current run might get its more “serious” cycle innovation after all, thanks to decentralized physical infrastructure networks (DePIN).

DePIN uses crypto incentives and public coordination to bootstrap real-world…

Read more on Blockworks