Key points:
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Bitcoin ETF inflows obliterated the 2025 average on April 22.
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ETF performance remains tightly dependent on BTC price action, with the turnaround following six-week highs in BTC/USD.
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ETFs themselves are gaining influence, with one commentator arguing that they can “determine” exchange activity.
Bitcoin (BTC) institutional investors piled over eleven times the all-time average into the US spot Bitcoin exchange-traded funds (ETFs) on April 22.
Fresh data from onchain analytics firm
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