April outperformed Q1 2026 for spot Bitcoin [BTC] ETF market, which has shown strong momentum since February and March. CryptoQuant founder Ki Young Ju highlighted the weekly performance of BlackRock’s iShares Bitcoin Trust ETF (IBIT).
According to CryptoQuant’s analysis, IBIT hit a record high of $983 million in inflows, the highest in six months. CryptoQuant’s Weekly Spot ETF Netflows Heatmap confirmed this trend, with Ark Invest’s ARLB and Fidelity’s FBTC IBIT following suit.
On the contrary, Grayscale’s GBTC recorded an outflow worth $54.18 million, followed by Bitwise’s BITB, which recorded an outflow worth $11.35 million.
Senator Tom Tillis accepts Kevin Warsh’s nomination
Then Senator Tom Tillis did just that withdrawn his opposition to the nomination of Kevin Warsh as chairman of the Federal Reserve. Tillis only lifted his block after the Justice Department ended its criminal investigation into current Fed Chairman Jerome Powell.
Tillis said this in a recent appearance on NBC:
I am prepared to move forward with Mr Warsh’s confirmation. I think he will make a great Fed chairman.
For those who don’t know, Tillis’ vote is crucial for Warsh to become the next Fed chairman. This is because the Banking Committee consists of thirteen Republicans and eleven Democrats, and one less vote from the Republican party would have slowed Warsh’s chances of winning.
Babylon supports Aave
Meanwhile, Babylon Foundation, a decentralized protocol that bridges native Bitcoin to DeFi, has done just that announced plans to deposit $3 million in Tether [USDT] in Ave [AAVE]. This deposit allocates $2 million to V3 and $1 million to V4. Babylon took this step to show confidence in Aave after the KelpDAO exploit.
Babylon further added:
Any interest earned from this deposit would flow back into the Aave ecosystem via Aave x Babylon integration incentives, so that same capital now can support recovery and future adoption later.
These steps can help Aave recover the remaining 75,081 ETH was lost during the exploit.
NFT floors are seeing huge spikes
Finally, amid rumors about scams and ETFs, CoinGecko reported bullish strength in the NFT market. The crypto data aggregator noted that NFT floors have seen double-digit increases over the past week. At the time of writing, NFT CryptoPunk had reached a bottom price of 30.95 ETH, which was up over 16% over the past week.
Bored Ape Yacht Club followed with a bottom price of 9.55 ETH, up 15% in the past week and 81% in the past month. Meanwhile, Pudgy Penguins held an ETH floor of 5.28 after rising 20% in the past seven days.
Final summary
- BlackRock’s IBIT recorded the highest weekly inflow of $983 million in the past six months.
- Babylon Foundation plans to deposit $3 million USDT into Aave to support the protocol in its post-attack recovery plan.