Bitcoin Hits Three-Month High Amid ETF Inflows and Regulatory Progress

Bitcoin has reached a three-month high as it continues to benefit from strong capital inflows in exchange-traded funds. According to data from aggregator SoSoValue, net ETF inflows reached $1.97 billion in April, the highest level since October 2025.

The influx of capital into ETFs has coincided with a strong performance in US stock markets through April, but spot demand for Bitcoin remains weak. In fact, the cryptocurrency is currently trading at a discount on Coinbase compared to average global spot prices, indicating that US retail demand for the crypto remains low.