Investments in Bitcoin exchange-traded funds (ETFs) have surged in India, reaching levels not seen since January, indicating a recovery in investor sentiment amidst global trade tariff concerns. US spot Bitcoin (BTC) ETFs received over $912 million in net inflows on April 22, marking the highest daily investment in more than three months. According to Farside Investors data, this surge in ETF investments is a positive sign for Bitcoin. James Butterfill, head of research at CoinShares, stated that Bitcoin ETPs saw the largest daily inflows since January 21, reflecting a significant improvement in sentiment. The increase in investor sentiment follows US President Donald Trump’s announcement of reduced import tariffs on Chinese goods, easing trade tensions. This de-escalation, combined with growing ETF inflows, pushed Bitcoin’s price above $93,000 for the first time in seven weeks. Analysts predict that the growing institutional investment and presence of ETFs could accelerate Bitcoin’s historic four-year cycle, potentially leading to new highs by the end of 2025. The weakening USD and a shift in investor preference towards safe-haven assets like Bitcoin are driving this positive momentum in the cryptocurrency market. Moreover, the conversation around Bitcoin has shifted, with the digital asset no longer trading in the shadow of tech but emerging as a key player in macroeconomic uncertainty. Nexo dispatch analyst Iliya Kalchev highlighted Bitcoin’s strength amid the weakening dollar and institutional buying, reshaping the perception of safety in the market. This shift in sentiment is reinforcing Bitcoin’s status as a safe-haven asset against economic turmoil, with potential for further growth. BitMEX co-founder Arthur Hayes even suggested that buying Bitcoin below $100,000 might be a valuable opportunity before potential price catalysts. The overall outlook for Bitcoin in India remains optimistic, with the cryptocurrency market adapting to evolving macroeconomic conditions and investor preferences.
Posted in
JUST IN