Recent events surrounding Bitcoin ETFs in the United States have led to record inflows, especially following statements from President Donald Trump regarding the Federal Reserve.
State of Bitcoin ETFs
On April 21, 2023, 12 Bitcoin ETFs recorded net inflows of $381.4 million, over 250% higher than the previous day's inflows and marking the highest since January 30. Leading the pack was ARK 21Shares, which attracted $116.13 million, followed by Fidelity with $87.61 million.
Comparison with Ethereum ETFs
Despite the success of Bitcoin ETFs, Ethereum ETFs are struggling, experiencing outflows of $25.42 million this week. This trend marks eight consecutive weeks of losses totaling nearly $910 million.
Expert Opinions on the Current Situation
Kadan Stadelmann, CTO of Komodo, commented on the situation: "Fiat currencies lack intrinsic value, and as confidence in the U.S. financial system deteriorates, investors are turning to assets like Bitcoin."
The situation surrounding Bitcoin ETFs indicates a shift in investor behavior as they seek safe assets amid instability in traditional financial systems.
