$BTC John D'Agostino, head of strategy at "Coinbase Institutional," revealed that sovereign wealth funds and institutional investors became the main drivers of Bitcoin accumulation in April, unlike the withdrawal of individual investors from ETFs.

**Key factors according to D'Agostino:**

1. **Sovereign wealth funds:** These funds (which manage international savings) are increasingly viewing Bitcoin as a strategic asset, reflecting growing institutional confidence in the role of cryptocurrencies in the modern economy. These entities, which manage trillions of dollars globally, can reshape Bitcoin market dynamics through long-term ownership.