BlackRock's Bitcoin ETF, IBIT, saw a significant recovery with $167 million in net inflows on April 24, 2026, after three days of outflows. The firm has accumulated over $2 billion in inflows across a 12-day buying streak. Despite weak demand, Bitcoin ETFs are regaining momentum, while Ethereum ETFs continue to experience outflows.
Farmers & Merchants Investments, a bank holding company managing $3.6 billion in assets, disclosed significant holdings in a Bitwise XRP ETF. This marks a notable development as traditional financial institutions increasingly acquire XRP for various use cases, highlighting growing institutional interest in the cryptocurrency. The disclosure was made recently, reflecting the expanding role of XRP in mainstream finance.
Bitcoin ETFs experienced over $2 billion in inflows during an eight-day period, highlighting strong institutional demand. This trend may impact market dynamics, including price expectations and volatility, as institutional investors continue to show interest in crypto investment products. The inflows signal growing confidence in Bitcoin ETFs and could influence future market movements.
The Trump administration reclassified FDA-approved marijuana to Schedule III on April 24, 2026, potentially easing regulatory restrictions. This change could promote broader acceptance, impact medical research, and influence market dynamics. The reclassification marks a significant policy shift, aligning marijuana with substances considered to have a lower potential for abuse, and may lead to increased legal and commercial opportunities.
Anthony Scaramucci predicts Bitcoin's recovery may not occur until October or November 2026, citing the ongoing four-year cycle and macro factors like geopolitical tensions. Despite a favorable regulatory environment, he views the current downturn as a cyclical bear market, with a potential rebound expected in the first quarter of 2027, aligning with Bitcoin’s historical halving pattern.
Fundstrat's Tom Lee has endorsed a $250,000 Ethereum price target, based on a $31.5 trillion monetary premium model. The prediction, announced in April 2026, considers current ETH charts, ETF inflows, and technical analysis. While ambitious, Lee's forecast highlights growing institutional interest and the potential for significant price appreciation in Ethereum.
Morgan Stanley has launched a stablecoin reserves fund amid anticipation of the GENIUS Act, which could influence crypto regulation. The move aims to stabilize the market, though regulatory impacts and participation levels remain uncertain. This development marks a significant step for traditional finance firms entering the stablecoin space, reflecting growing institutional interest in crypto assets.