Bitcoin ETFs Pull Nearly $1 Billion as ADA and LINK Track the Market Rebound

Bitcoin ETFs Pull Nearly $1 Billion as ADA and LINK Track the Market Rebound

N
News Editor 01
2026-07-23 22:20:16
Spot Bitcoin ETFs saw nearly $1 billion in inflows on April 20, lifting BTC back above $75,000. Cardano and Chainlink also advanced as institutional buying returned and risk-off pressure eased.
Bitcoin ETFCardanoChainlinkinstitutional flowscrypto market

Spot Bitcoin ETFs drew nearly $1 billion on April 20, helping push BTC back above $75,000. The source, citing CoinDesk, said progress toward an Iran ceasefire eased risk-off pressure and brought institutional wallets back into the market.

That shift showed up in other large allocations as well. Strategy bought 34,164 BTC for $2.54 billion during the same week, described in the article as one of its three largest single purchases on record. BitMine also added 101,627 ETH. The pattern is clear: large capital moved back into major crypto assets.

Cardano adds on-chain growth to the broader rally

Cardano (ADA) was listed at $0.24 in the article, with the text also saying it was holding above $0.245 as the wider market responded to ETF-driven momentum. On-chain activity kept building, with the network passing 120 million transactions.

The report also cited Santiment data showing that whale wallets holding more than 10 million ADA increased 5.2% to 424 addresses. On the price chart, $0.262 was identified as resistance. If that level gives way, the next area in focus is $0.30.

Chainlink climbs after software release and CCIP expansion

Chainlink (LINK) rose to $9.42, with the article saying it gained 1.8% after version 2.43.0 was released on April 20. It also said CCIP posted $18 billion in volume in Q1 2026, up 62% from the previous quarter.

Support was described around $8.80, while $9.50 stood as the near-term ceiling. A break above that level would open the way toward $12, according to the piece. It also referenced a $15 price target from Standard Chartered for late 2026.

Institutional positioning is back at the center of the market

The key takeaway from the source material is straightforward. ETF inflows restored momentum in Bitcoin, large treasury-style purchases reinforced that move, and major altcoins responded as risk appetite improved. Cardano and Chainlink each had their own catalysts, but the broad driver was the return of institutional demand.

The original article also spent considerable space on Pepeto, including fundraising, audit, staking, and listing-related claims. From a strict news perspective, the most concrete and attributable details in the source remain the Bitcoin ETF inflow, Strategy’s BTC purchase, BitMine’s ETH accumulation, and the quoted market and network data for ADA and LINK.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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