Bitcoin ETFs draw $2B in April for highest monthly inflows this year

US spot Bitcoin Exchange-Traded Funds (ETFs) demonstrated robust performance in April, attracting a significant $2 billion in capital inflows. This figure represents the highest monthly inflow observed for these funds so far this year. The strong interest and investment in Bitcoin ETFs coincided with a rally in the price of Bitcoin itself. Among the various funds, BlackRock's IBIT notably led the gains, despite the broader market seeing some outflows across other funds towards the end of the month.