Bitcoin ETF ‘flows turned positive for the year’: BNY’s global head of ETFs
The Block·60-word summary·1 min read
BNY Asset Servicing's global head of ETFs announced Bitcoin ETF flows turned positive for 2026, indicating renewed investor interest. The shift reflects increased confidence in crypto investment products amid market volatility. The report highlights a growing institutional appetite for digital assets, with Bitcoin ETFs gaining traction as a mainstream investment option this year.
Spot ETH ETF inflows have reached over $633 million in the past 10 days, marking a 10-day streak. While the sustained inflows indicate growing investor interest, it remains uncertain whether this will drive Ether's price to the $3,000 mark. The market continues to monitor these inflows for potential bullish momentum.
Grok AI predicts XRP could reach $15 if Ethereum hits $54,000, with XRP currently trading at $1.33. The forecast is based on a potential $8–$15 range for XRP, contingent on Ethereum's price surge. Seven SEC ETF decisions are also pending, adding uncertainty to the market outlook as of April 2026.
Senator Cynthia Lummis announced bipartisan and presidential support for the CLARITY Act, which aims to improve regulatory clarity for cryptocurrencies. This backing could positively influence crypto market stability and legislative progress. The act's support signals a potential shift toward clearer regulations, fostering a more secure environment for digital assets. The timeline and specific legislative details remain to be seen.
On April 22, Bitcoin ETFs added $336 million, led by Blackrock IBIT, extending a 7-day inflow streak. Ether also saw its 10th consecutive day of inflows. XRP edged higher, while Solana experienced no inflows for the second day. The inflows highlight continued investor interest in crypto ETFs amid ongoing market activity.
Bitcoin is nearing $80,000, a critical resistance level that could determine its Q2 direction. CryptoQuant reports ETF investors and short-term whales are testing their break-even points at around $76,400 and $79,600, respectively. If Bitcoin surpasses $80,000, bullish momentum may continue; if not, a decline below $70,000 is possible. These groups' positions highlight key decision points for the market.
Coinbase, Ripple, and over 100 crypto firms urged the U.S. Senate to advance the CLARITY Act, which seeks clear regulatory roles for SEC and CFTC in digital assets. The Senate Banking Committee has delayed markup since January, with stablecoins remaining a key issue. Industry groups push for clearer oversight to foster growth and compliance.