Bitcoin pulls $1bn inflows, institutional demand
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Fund managers identify Bitcoin as the top growth prospect among digital assets, ahead of Ether and Solana, according to CoinShares.
- Digital asset investment products have logged several weeks of net inflows, driven mainly by Bitcoin demand, CoinShares reports.
- Crypto exchange‑traded products attracted $1.2 bn in inflows through April 27, marking a fourth straight week of gains and $3.9 bn total over that period.
- U.S. spot Bitcoin ETFs saw nearly $1 bn of net inflows in early May as Bitcoin price rose above $80 k, SoSoValue data show.
- Institutional investors – 73 % in a Coinbase/EY‑Parthenon survey – plan to increase digital‑asset exposure this year, expecting price gains over the next 12 months.
Why it matters: Asset managers and crypto firms gain $3.9 bn in fresh capital, while custodial services see reduced demand as ETFs offer regulated exposure; the surge drives Bitcoin’s price rally and broadens institutional adoption.
Ask SkimNews
