Bitcoin price breaks $94,000, record ETF inflows! ARK funds lead!

On April 22, Bitcoin ETFs saw an epic influx of funds, with a single-day inflow reaching $912 million, setting the largest single-day inflow record since January. The price of Bitcoin also broke the $94,000 mark, reaching the highest point in 51 days.

ARK 21Shares Bitcoin ETF (ARKB) led the way with a single-day inflow of $267 million, followed closely by Fidelity's Wise Origin fund and BlackRock's iShares Bitcoin Trust. This surge in funds marks a significant shift in institutional investor sentiment, particularly against the backdrop of turmoil in traditional markets, demonstrating Bitcoin's strong appeal.

In addition, the appointment of the new Chairman of the U.S. Securities and Exchange Commission, Paul Atkins, is seen as a major positive for the Bitcoin and cryptocurrency industry, further driving the market upwards.

The strong performance of Bitcoin and the inflows into ETFs reflect institutional investors' firm confidence in Bitcoin as a strategic asset, and this trend is expected to continue intensifying.