Crypto investment products experienced net inflows of $3.4 billion from April 21-25, marking the largest influx since December 2024. This surge was largely driven by nearly $3.1 billion flowing into US spot bitcoin ETFs, with $183 million entering Ethereum ETFs, ending an eight-week streak of outflows. CoinShares' James Butterfill noted that concerns about tariffs affecting corporate earnings and the decline of the US dollar have led investors to view digital assets as a safe haven. Bitcoin's price stood at around $94,130, reflecting a 10.5% increase from the previous week. Analysts identified various investor categories behind the inflows, including long-term investors and smaller financial advisors. Bitwise research head Ryan Rasmussen emphasized that while there could be contributions from hedge funds engaging in basis trades, the majority of the activity seems to originate from HODLers. Additionally, there were clarifications on proposed XRP funds being futures instead of spot offerings. Future communications regarding crypto ETF developments will be provided as necessary.

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