CoinSpotMarket Update
Bitcoin ETFs Post Longest Streak of Inflows Since October & White House Teases Bitcoin Announcement
7 minutes
7 days ago
7 minutes
7 days ago
Spot Bitcoin ETFs have ended nine consecutive days of net inflows, the longest run since September 2025. Total net inflows over that period were around $2.9 billion ($2.1 billion USD), with April 17 being the standout day at $924 million ($664 million USD). The streak wrapped up today with $263 million in net outflows.
ETF inflows matter because they represent real BTC being bought and held by the issuers of the ETFs (e.g. BlackRock, VanEck, Morgan Stanley) on behalf of their ETF holders. When demand for these products grows overall, it translates into increased demand for BTC, and vice versa.
Bitcoin ETFs continue to be a relevant story in these market conditions. Interestingly, this source of demand did not exist in prior bear markets, such as in 2018 and 2022. As noted last month, the total amount of BTC held by ETF issuers in the U.S. has declined only ever so slightly from its peak in early October, despite BTC trading well below its highs. Overall, they hold 1.34 million BTC, or 6.3% of the total supply of BTC.
Billionaire investor Paul Tudor Jones said that Bitcoin stands out as the strongest hedge against inflation, citing its fixed supply as a key advantage over traditional assets like gold.
In a rare public interview, appearing on the Invest Like the Best podcast, Jones shared his opinion that Bitcoin is "the best inflation hedge" currently available, even surpassing gold on certain properties.
Scarcity was one of those properties. While gold's supply increases by a couple of percent every year through mining, Bitcoin has a fixed supply cap of 21 million BTC. “There’s a finite amount that can be mined,” Jones noted.
Western Union is on track to launch its USD-backed stablecoin on the Solana (SOL) blockchain in May, its CEO said earlier this week. The token will initially be used as a settlement tool between Western Union and its global network of agent partners.
Rather than relying on the SWIFT banking system, which only processes transfers during business hours, Western Union’s stablecoin will allow payments to settle around the clock, including on weekends and public holidays.
The company, which operates one of the world’s largest remittance networks, is also developing a network to bridge the worlds of digital assets and fiat currency. Combined with the upcoming stablecoin, these products have the potential to increase the volume of economic activity being hosted on the Solana blockchain.
A “big announcement” regarding the U.S. strategic Bitcoin reserve is expected “in the next few weeks.” Those were the words of Patrick Witt, the executive director of the President’s Council of Advisors for Digital Assets, who has been working on the reserve over the past year.
The announcement is expected to detail legal frameworks to "lock in" the reserve, making it harder for future administrations to dismantle via executive action.
“We've gone to work in figuring out exactly the machinations necessary and legal interpretations that we need to get that right and solidify that and protect the digital assets, specifically bitcoin that we have on the government balance sheet," Witt said.
Last year, U.S. President Donald Trump signed an executive order to create a strategic bitcoin reserve and separate digital asset stockpile. Both the reserve and stockpile are made up of digital assets already owned by the government through criminal or civil forfeitures.
