April outperformed Q1 2026 for the 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).
As per CryptoQuant’s analysis, the IBIT reached a record high of $983 million in inflows, the highest in six months. The Weekly Spot ETF Netflows Heatmap by CryptoQuant confirmed this trend, with Ark Invest’s ARLB and Fidelity’s FBTC following IBIT.
On the contrary, Grayscale’s GBTC recorded outflows worth $54.18 million, followed by Bitwise’s BITB, which saw outflows worth $11.35 million.
Senator Tom Tillis accepts Kevin Warsh’s nomination
Subsequently, Senator Tom Tillis has withdrawn his opposition to Kevin Warsh’s nomination for the Federal Reserve Chair. Tillis lifted his blockade only after the Justice Department ended its criminal investigation into current Fed Chair Jerome Powell.
Remarking on the same, Tillis, in a recent appearance on NBC, said,
I am prepared to move on with the confirmation of Mr. Warsh, I think he’s going to be a great Fed chair.
For those unaware, Tillis’s vote is very crucial for Warsh to become the next Fed Chair. This is because the Banking Committee includes 13 Republicans and 11 Democrats, and one vote less from the Republican party would have stalled Warsh’s winning probability.
Babylon supports Aave
Meanwhile, Babylon Foundation, a decentralized protocol bridging native Bitcoin into DeFi, has announced plans to deposit $3 million Tether [USDT] into Aave [AAVE]. In this deposit, $2 million will be allocated to V3 and $1 million to V4. Babylon took this step to show confidence in Aave following the KelpDAO exploit.
Babylon further added,
Any interest earned from this deposit would be directed back into the Aave ecosystem through Aave x Babylon integration incentives, so the same capital can support recovery now and future adoption later.
These steps could help Aave recover the remaining 75,081 ETH lost in the exploit.
NFT floors see massive spikes
Finally, amidst chatter around scams and ETFs, CoinGecko reported bullish strength in the NFT market. The crypto data aggregator noted that NFT floors have posted a double-digit surge in the past week. At press time, NFT CryptoPunk had reached a floor price of 30.95 ETH, which was up by over 16% in the past week.
Bored Ape Yacht Club followed with a 9.55 ETH floor price, rising 15% in the past week and 81% over the past month. Meanwhile, Pudgy Penguins held a 5.28 ETH floor after climbing 20% in the last seven days.
Final Summary
- BlackRock’s IBIT recorded the highest weekly inflow of $983 million in the past 6 months.
- Babylon Foundation plans to deposit $3 million USDT into Aave to support the protocol in its after-attack recovery plan.