10x Research: Bitcoin ETF has seen a net inflow of $15 billion since mid-April, as Trump pressures the Federal Reserve, sparking bullish sentiment in the market

ChainCatcher news, according to CoinDesk, 10x Research founder Markus Thielen pointed out in a client report on Thursday that since late April 2025, Bitcoin ETF inflows have surged, mainly due to pressure from figures like Trump on the Federal Reserve. Trump has publicly demanded that Chairman Powell lower interest rates to 1% and resign. Federal Housing Finance Agency Director Bill Pulte and Senator Cynthia Lummis have also called for Powell to step down. Meanwhile, the minutes from the Fed's July meeting show that officials are increasingly divided on policy. The continuous inflow of ETFs and growing pressure for interest rate cuts have forced previously hesitant traders back into the market, driving a resurgence in bullish momentum for cryptocurrencies.

Thielen stated that since mid-April, Bitcoin ETFs have purchased $15 billion worth of Bitcoin, and the buying has not stopped, with stable demand forcing traders back into the market. Combined with seasonal performance in July and macro catalysts, the market still supports further increases.