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Smart money moves: Institutions bet big on Bitcoin, XRP ETF launches in Brazil
$3.4B floods into crypto funds, Strategy expands its Bitcoin empire, Hashdex launches the world's first XRP spot ETF and U.S. regulators are finally showing signs of progress The message is clear: crypto is no longer a fringe asset — it's a cornerstone.
Hello, and welcome to the Cryptopolitan Daily.
The crypto market never sleeps, and neither do we. Whether it’s breaking news, market shifts, or regulatory updates, we’re here to bring you the insights that matter—fast, sharp, and to the point.
📬 Today’s Byte
• $3.4B flows into crypto funds
•Strategy adds another $1.42B in Bitcoin
• Brazil welcomes the world’s first XRP spot ETF
• Senator Lummis holds Fed accountable for crypto support
Market-moving headlines 🔥
China’s government flat-out said on Monday that President Xi Jinping has not spoken with President Trump recently, killing any idea once again that the two leaders were secretly chatting to fix their trade war. | Over $625 million worth of tokens are set to be released between April 28 and May 5. According to data from Tokenomist, the upcoming unlocks include both cliff-style events and linear unlocks. |
ProShares will launch three futures-based ETFs that track the price of XRP on April 30, according to a filing with the SEC seen by Cryptopolitan. | Solana DeFi protocol Loopscale lost over $5.8 million, roughly 12% of its Total Value Locked (TVL), to a cyber exploit. |
💥 $3.4B flows into crypto funds: Institutional momentum builds
Crypto investment products just had their biggest week since December 2024, pulling in a massive $3.4 billion in new money — the third-largest weekly inflow ever.
Crypto funds flow rate. Source: CoinShares
Bitcoin dominated, capturing $3.18B (93% of the total), pushing BTC-managed assets to $132.18B, levels not seen since February.
Ethereum ended an eight-week losing streak with a solid $183M in inflows, while XRP ($31.63M) and Sui ($20.7M) also posted gains. Solana was the lone major altcoin in the red, shedding $5.73M.
What’s driving the surge?
Growing fears of tariffs hitting corporate profits
Weakening US dollar concerns
Rising demand for alternative, hedge-like assets
The message from smart money is clear: crypto isn’t just surviving — it's becoming a portfolio cornerstone.
ETF providers also felt the momentum.
👉 iShares led the way, pulling in $1.51B last week and managing a total of $58.22B in crypto assets.
👉 ARK 21Shares ($621M) and Fidelity ($574M) followed, while even Grayscale reversed months of outflows with $202M in new money.
👉 Across all products, total crypto assets under management now stand at $151.63B.
United States providers led crypto fund inflows last week. Source: CoinShares
US investors dominated, accounting for $3.3B of the $3.4B inflows.
Germany ($51.5M) and Switzerland ($41.4M) made smaller but notable contributions.
Blockchain equities also saw action, with $17.4M flowing into Bitcoin mining ETFs.
The big picture:
Institutional conviction in crypto is gaining ground, even as macro uncertainty looms.
Bitcoin remains king, but steady inflows into assets like XRP and Sui show broader diversification at play.
Meanwhile, even Solana’s stumble doesn’t offset the larger trend: crypto is moving from speculation to serious strategy.
✊ Strategy adds another $1.42B in Bitcoin, extends buying streak
BREAKING: Strategy keeps stacking Bitcoin.
Just bought 15,355 BTC for $1.42 billion.
Total holdings: 553,555 BTC.
YTD Bitcoin yield: +13.7%.
— Cryptopolitan (@CPOfficialtx)
12:25 PM • Apr 28, 2025
Strategy just made another big move, scooping up 15,355 BTC worth $1.42 billion.
After a successful sale of MSTR and STRK shares, the company continues to be one of the biggest corporate buyers, matching the momentum of major ETFs.
The latest purchase came at an average price of $92,737 per BTC, a higher entry point than earlier buys — signaling Strategy’s confidence even as BTC holds above $94K. With this latest addition, Strategy’s total stash now represents about 2.6% of Bitcoin’s entire supply, closing in on BlackRock’s 2.8%.
How did they fund it?
Strategy still has more STRK to place, offering an 8% yield. | Source: Strategy SEC filings
The acquisition was fueled by another $1.44B stock placement.
But with just $128M left in authorized common stock, Strategy's future purchases will lean more heavily on STRK and STRF, offering an 8% yield but facing slower investor uptake.
Markets didn’t miss a beat.
$MSTR has acquired 15,355 BTC for ~$1.42 billion at ~$92,737 per bitcoin and has achieved BTC Yield of 13.7% YTD 2025. As of 4/27/2025, we hodl 553,555 $BTC acquired for ~$37.90 billion at ~$68,459 per bitcoin.
— Michael Saylor (@saylor)
12:02 PM • Apr 28, 2025
Following the announcement, BTC popped back up to $95,258, and MSTR shares hit a one-month high at $368.71.
Michael Saylor’s pre-announcement tweets helped fuel the rally, as investors responded once again to Strategy’s aggressive moves.
Strategy’s Bitcoin portfolio is sitting pretty:
Average BTC purchase price: $68,459
Average portfolio gain: Over 39%
Trend: Four consecutive weeks of buying in April after a patchy March
The company is now responsible for absorbing an amount of Bitcoin roughly equal to the monthly mining production — a massive pressure valve keeping BTC scarce.
Meanwhile, the corporate Bitcoin race heats up.
👉 Large-scale entities now hold over 3.22M BTC.
👉 New entrants like US XXI are making noise too, already starting with 31,500 BTC and planning to ramp up purchases — setting the stage for fierce competition in treasury building.
🇧🇷 Brazil welcomes the world’s first XRP spot ETF - XRPH11
Hashdex has launched XRPH11, the world’s first XRP spot ETF, now trading on Brazil’s B3 stock exchange. This milestone gives institutional and advanced investors secure and regulated access to XRP.
Strategic launch in Brazil
Target Investors: Institutional and advanced investors looking for regulated exposure to crypto.
Hashdex's Ninth ETF on B3, expanding its offerings to include Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and now XRP.
Aims to provide transparency, security, and regulatory alignment in Brazil’s growing crypto market.
Why this matters
Brazil is taking a more crypto-friendly stance compared to the U.S., where regulatory delays persist.
Global Impact: While Brazil holds only 0.9% of global crypto ETP AUM, Hashdex’s XRP ETF could attract up to $8 billion in net inflows, according to JPMorgan.
Challenges and market watch
Previous Launches: Brazil’s 2024 Solana ETF faced limited attention and trading volume. XRPH11 may face similar challenges.
XRP ETF in U.S.: Despite SEC applications from Grayscale and Bitwise, approval remains pending. A 74% chance exists for approval in 2025, with Paul Atkins taking over as SEC chair, possibly easing approval.
👩⚖️ Lummis holds Fed accountable for crypto support
Senator Cynthia Lummis has pledged to hold the Federal Reserve accountable until the digital asset industry receives full support, particularly regarding crypto-focused banking.
Fed’s recent moves:
No crypto access to master accounts: Despite some changes, crypto-focused banks still don’t have access to the Fed’s master accounts, limiting their ability to serve customers with central bank money.
Withdrawal of crypto fraud warning: The Fed, along with other agencies, withdrew a statement warning banks about potential crypto fraudsters, signaling a shift in approach.
“Chokepoint” practices ended:
The Fed has rescinded its 2022 supervisory letter, which required banks to give advance notice for crypto and stablecoin activities.
This move marks an end to the so-called “Chokepoint” practices that hindered crypto industry access to traditional banking.
Lummis’s stand:
Lummis continues to press for a more supportive environment for crypto, stating she will hold the Fed accountable until the industry receives more than “a life jacket.”
She exposed the Fed’s previous debanking of crypto businesses under the Biden administration, where crypto companies struggled to access traditional banking services.
Positive shift:
Fed’s rule change: Now, banks can engage in crypto-related activities without prior notice, aligning with traditional banking practices.
While this is a step forward, the lack of access to master accounts remains a significant roadblock for crypto banks, such as Kraken Financial and Custodia.
🧵Thread of the day
📈 DeFi picks up momentum— analyse with @CPOfficialtx
BULLISH: DeFi soars past $100 billion!
Behind the recovery are deeper shifts
• Protocol innovation
• Asset adoption
• Ethereum’s evolving business modelA quick, important breakdown: 🧵
— Cryptopolitan (@CPOfficialtx)
12:55 PM • Apr 28, 2025
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