Bitcoin, Solana, Ethereum: Major Institutional Moves

Date:

  • Bitcoin ETFs hit record $912M inflows, BlackRock and Fidelity drive demand surge.
  • Solana ETFs approved in Canada, fueling SOL treasury strategies and massive stock rallies.
  • Vitalik Buterin proposes Ethereum upgrade to RISC-V for 100x efficiency in ZK proofs.

IntoTheBlock reported that U.S. spot Bitcoin ETFs posted a massive $380 million in net inflows on April 21, the highest figure seen since late January when Bitcoin prices previously touched new highs. The momentum didn’t stop there. By the next day, inflows exploded to $912 million, highlighting a fierce comeback of institutional demand. 

Source: IntoTheBlock

BlackRock’s IBIT commanded the trading boards with 4.2 billion dollars’ worth of volume, followed very closely by Fidelity’s FBTC, which indicates that Wall Street titans are doubling up on crypto exposure.

The Coinbase Premium Index, which is commonly used to measure US institution appetite,…

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