April’s slump is perhaps temporary. Investors’ interest in Bitcoin is unlikely to wane. iShares Bitcoin Trust amassed about $1.62 billion in April, despite the slump in bitcoin price.

IBIT and FBTC reached $10 billion in assets under management in 49 days and 77 days respectively.

Analysts and on-chain data suggests the Bitcoin bottom is likely between $55,000 and $57,000.

Investors should note that a persistent combination of elevated inflation, high unemployment, and low growth is termed “stagflation.” We thus highlight a few ETF investing areas that could be gainful in a stagflation-like situation.

BlackRock’s Bitcoin ETF, IBIT, has achieved a notable milestone positioning itself among the top 10 exchange-traded funds with the longest streaks of daily inflows.