Institutional Bitcoin (BTC) Spot ETFs See $1.3B Inflows as Solana (SOL) Institutional Adoption Strengthens

IntoTheBlock reported that U.S. spot Bitcoin ETFs posted a massive $380 million in net inflows on April 21, the highest figure seen since late January

Institutions poured a record-breaking $380 million into U.S. spot Bitcoin ETFs on April 21, the highest net inflow since late January, when Bitcoin prices touched new highs, IntoTheBlock reported.

The momentum didn’t stop there. By the next day, the inflows exploded to $912 million, highlighting a fierce comeback of institutional demand.

According to BlockQuant's data, IBIT, BlackRock's flagship Bitcoin ETF, commanded the trading boards with 4.2 billion dollars’ worth of volume. It was closely followed by FBTC, Fidelity's Bitcoin ETF, which sold an impressive 3.6 billion dollars on the same day. These figures indicate that Wall Street titans are rapidly increasing their Bitcoin exposure.

The Coinbase Premium Index, a key metric used to measure the U.S. institution's crypto trading activity, also showed a surge. The Index, which typically ranges from 0 to 1, reached 0.68 on April 20. A reading above zero indicates that buyers prefer trading on regulated exchanges like Coinbase, even if the prices are slightly higher compared to major crypto exchanges.

The fresh wave of institutional buying followed Bitcoin's price recovery above $69,000 once more. As large traders usually position themselves earlier than larger market movements, this suggests that institutions are preparing for further bullish trends in the crypto market.

These statistics not only reflect the strong bull sentiment but also highlight the shift towards compliance-driven bitcoin accumulation strategies with the tightening global regulatory regimes.

Solana’s institutionally-driven wave accelerated as Canada’s regulators formally endorsed four new Solana staking ETFs from 3iQ, Purpose, Evolve, and CI Financial, according to a report by Blockfolio.

Launched on Toronto Stock Exchange on April 16, these ETFs have a new and innovative design: marrying SOL’s price performance to staking returns ranging from 2% to 3.5%.

Institutions can also opt to delegate up to 50% of the ETF’s SOL holdings to staking partners, creating the first regulated vehicle that generates on-chain rewards native to the protocol.

In other news, GSR, a crypto market maker, announced a private placement of $100 million in Upexi (UPXI) to launch a Solana treasury accumulation strategy.

Upexi is currently undergoing a drastic transition towards concentrating on Solana validation activities, and its stock has already soared by approximately 700%. This move showcases how traditional firms are rapidly adopting blockchain-native approaches on a large scale.