What are BitBonds—and why are institutions like VanEck exploring Bitcoin- backed government debt? This clip from Swan Signal LIve breaks down the rise of Bitcoin bond proposals, the economic and political implications of tying sovereign debt to BTC, and whether this could be the first step toward global Bitcoin adoption. A Trojan horse for the Treasury? Or just wishful thinking? Let’s find out. Full Episode &#8211; https://www.youtube.com/watch?v=n5g_bWygU0E Timestamps 00:00:00 &#8211; The Rise of BitBonds: What You Need to Know 00:02:30 &#8211; The U.S. Government&#8217;s Potential Move into Bitcoin 00:03:50 &#8211; Why Governments Might Hesitate to Issue BitBonds 00:05:00 &#8211; The Strategic Advantage of Bitcoin Reserves 00:06:30 &#8211; Comparing BitBonds to Saylor&#8217;s Bonds 00:07:45 &#8211; The Impact of BitBonds on Market Stability 00:08:50 &#8211; Market Incentives vs. Political Will 00:10:00 &#8211; Investor Mandates: The Challenge of Hybrid Securities 00:11:15 &#8211; Speculating on the Future of BitBonds and Bitcoin&#8217;s Role ► Connect with Swan Bitcoin: ✓ YouTube: https://youtube.com/@Swan_Bitcoin ✓ Twitter: https://twitter.com/Swan ✓ Instagram: https://instagram.com/SwanBitcoin ✓ Telegram: https://t.me/swanbitcoin ✓ LinkedIn: https://linkedin.com/company/swanbitcoin ► *Swan Bitcoin* is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Start your Bitcoin journey today and get your first $10,000 in Bitcoin purchases with ZERO fees! ✓ https://swanbitcoin.com/yt ► Download the all-new *Swan Bitcoin App* ✓ https://www.swanbitcoin.com/app/?utm_medium=social&#038;utm_source=youtube&#038;utm_campaign=youtube_description ► Secure your Bitcoin with Swan Vault ✓ https://www.swanbitcoin.com/vault/?utm_medium=social&#038;utm_source=youtube&#038;utm_campaign=youtube_description ► Secure your bright orange future with the *Swan IRA* today! Real Bitcoin, no taxes ✓ https://www.swanbitcoin.com/bitcoin- ira/?utm_medium=social&amp;utm_source=youtube&amp;utm_campaign=youtube_description ► For high-net-worth individuals and corporations seeking to build generational wealth with Bitcoin, *Swan Private* is your guide ✓ https://www.swanbitcoin.com/private/?utm_medium=social&#038;utm_source=youtube&#038;utm_campaign=youtube_description ► Want to learn more about Bitcoin? Check out *Welcome To Bitcoin* a FREE Introductory course. Learn about Bitcoin in under 1 hour! ✓ https://welcome.swanbitcoin.com/ WARNING: Beware of scammers who use Swan&#8217;s image and name in the comment section. We will never ask you to contact us through YouTube. If you have any questions and want to reach us directly, follow our Twitter account @Swan and send us a message.

BitBonds Explained: A Bitcoin Trojan Horse?

Spot Bitcoin exchange-traded funds (ETF) in the United States saw over $3 
billion in inflows this week, marking the first full week of consecutive 
inflows in five weeks.
On April 25, the 11 spot Bitcoin (BTC) ETFs saw $380 million in inflows, 
bringing the total for the week to around $3.06 billion over five consecutive 
inflow days, according to Farside data. The last time spot Bitcoin ETFs had a 
full week of inflow days was the week ending March 21.
## Strong inflow week turns April into positive month
ETF analyst Eric Balchunas said in an April 24 X post that &#8220;ETFs are on a 
Bitcoin bender.&#8221;
&#8220;What&#8217;s really notable here is just HOW FAST the flows can go from 1st gear to 
5th gear,&#8221; Balchunas said, forecasting that some of those flows may be due to 
the &#8220;basis trade back in effect.&#8221;
_Source:__Satoshi Stacker_
Amid ongoing financial and macroeconomic uncertainty, spot Bitcoin ETFs have 
experienced a volatile April, with nine out of the total 18 trading days so 
far being outflow days.
However, a strong surge of inflows over the past week has turned the month 
positive, bringing total net inflows for April to approximately $2.26 billion.
On the same day, Strategy founder Michael Saylor reportedly said at the 
Bitwise Invest Bitcoin Corporations Investor Day that BlackRock&#8217;s iShare 
Bitcoin ETF &#8220;will be &#8220;the biggest ETF in the world in ten years.&#8221;
_**Related:**__**5 Bitcoin charts predicting BTC price rally toward $100K by 
May **_
Just two days prior, on April 23, BlackRock&#8217;s iShare Bitcoin ETF (IBIT) was 
awarded the &#8220;Best New ETF&#8221; at the annual etf.com ETF awards. IBIT was also the 
recipient of Crypto ETP of the year.
Meanwhile, Bitcoin&#8217;s spot price continues to hover around the $95,000 price 
level, currently trading at $94,613 at the time of publication, according to 
CoinMarketCap data. Institutions are continuing to raise their bullish price 
targets.
Billion-dollar asset manager ARK Invest recently raised its &#8220;bull case&#8221; 
Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, 
driven largely by institutional investors and Bitcoin&#8217;s increasing acceptance 
as &#8220;digital gold.&#8221;
ARK&#8217;s &#8220;bear&#8221; and &#8220;base&#8221; case scenarios for the price of Bitcoin were also 
bumped up to $500,000 and $1.2 million.
_**Magazine:**__**Pok emon on Sui rumors, Polymarket bets on Filipino Pope: 
Asia Express**_

Bitcoin ETFs on $3B ‘bender,’ notch first full inflow week in 5 weeks

Switzerland’s fierce defense of tradition faced a seismic crypto challenge as 
calls to add bitcoin to national reserves intensify amid global economic 
turmoil and geopolitical shifts. Swiss National Bank Chairman Warns Bitcoin’s 
‘Very High’ Volatility Risks Currency Stability Swiss National Bank (SNB) 
Chairman Martin Schlegel strongly opposed integrating bitcoin into the 
institution’s currency reserves during […]

Swiss National Bank Slams Bitcoin Reserve Push as Inflation Storm Brews

As Bitcoin (BTC) edges closer to the psychologically significant $100,000 
milestone, several technical and on-chain indicators suggest that a major 
breakout could be on the horizon. One such metric &#8211; Bitcoin’s Apparent Demand 
&#8211; has shown a strong rebound, signalling renewed interest and sustained 
accumulation in the market. Bitcoin Sees Sharp Rebound In Apparent Demand 
According to a recent CryptoQuant Quicktake post, contributor IT Tech pointed 
to a significant rise in BTC’s Apparent Demand. Most notably, this key 
indicator has returned to positive territory after spending several 
consecutive weeks in the red. Related Reading: Bitcoin Enters New Phase: 
Analyst Predicts Positive Movement In 2025 For the uninitiated, Bitcoin&#8217;s 
Apparent Demand (30-day sum) measures the cumulative net demand for BTC over 
the past 30 days by tracking wallet accumulation and exchange outflows. A 
sharp increase in this metric suggests strong, sustained buying pressure, 
which can indicate bullish sentiment and potential for a price rally. The 
following chart illustrates this rebound in BTC’s Apparent Demand, which 
essentially reflects net changes in one-year inactive supply adjusted by daily 
block rewards &#8211; a metric designed to better represent organic demand growth. 
Previously, this metric had fallen deeply into negative territory &#8211; dipping 
below -200,000 (highlighted in red) &#8211; suggesting waning demand. However, its 
recent reversal into positive territory signals that long-dormant capital is 
flowing back into the market. As noted in the post: The demand pivot is 
closely aligned with the recent price rebound above $87K, implying this 
recovery is underpinned by real on-chain behavior rather than purely 
speculative flows. This marks the first positive Apparent Demand reading since 
February and aligns with rising inflows into spot Bitcoin exchange-traded 
funds (ETFs), as well as growing accumulation by long-term holders. Data from 
SoSoValue shows that US-based spot BTC ETFs have recorded five consecutive 
days of net positive inflows, totalling more than $2.5 billion. The cumulative 
net inflow into spot BTC ETFs now stands at an impressive $38.05 billion. Is A 
BTC Rally In Sight? IT Tech noted that past reversals in Apparent Demand have 
historically preceded either significant rallies or periods of strong price 
support. If the current trend continues, BTC may have the momentum needed to 
challenge the $90,000 level in the near term. Related Reading: Bitcoin 
Surpasses Realized Price Of Recent Buyers — Rally Incoming Or Double Top? 
However, analysts caution that Bitcoin must hold its current support around 
$91,500 to maintain upward momentum. This level is particularly important 
because it is close to the realized price of short-term BTC holders, according 
to CryptoQuant contributor Crazzyblockk. Further adding to this outlook, 
prominent crypto analyst Rekt Capital emphasized that Bitcoin needs to secure 
a weekly close above $93,500 and reclaim it as support in order to establish a 
clear path to $100,000. At press time, BTC trades at $94,492, up 2% in the 
last 24 hours. Featured image from Unsplash, charts from CryptoQuant and 
Tradingview.com

Bitcoin ‘Apparent Demand’ Makes Sharp Rebound – Will BTC Breakout Soon?

Bitcoin should be valued as “an uncorrelated asset that benefits when the 
world gets messier,” BlackRock’s US Head of Equity ETFs Jay Jacobs told CNBC 
in an interview on Thursday. “Crypto over the long run is decoupled from US 
tech stocks,” Jacobs said, stressing that short-term market stress can mask 
the difference but that “the long-term correlation between US stocks and 
Bitcoin is more like two or three percent.” He argued that what pushes 
equities higher—“higher growth, higher certainty, lower geopolitical risk”—is 
the mirror image of the forces that move Bitcoin. “Bitcoin thrives when you 
have more uncertainty and are looking for something that’s going to behave 
differently, so fundamentally they should behave like an uncorrelated asset.” 
BTC was changing hands just under $94,000 during Jacobs’ appearance, extending 
a rally that has added roughly 150% since spot-ETF approvals early last year. 
Bitcoin Rises Because Of &#8216;Mega-Forces” Jacobs tied price behaviour directly to 
flows. “We would think over the long term, if this trajectory of greater 
uncertainty around the world continues, things like gold and Bitcoin should 
continue to go up.” He noted that investors are repositioning accordingly: 
“We’ve seen significant inflows into gold ETFs; we’ve seen significant inflows 
into Bitcoin, and this is all because people are looking for those assets that 
will behave differently.” Related Reading: Bitcoin Reclaims Key Levels – New 
ATHs May Be Closer Than Expected The biggest beneficiary has been BlackRock’s 
own iShares Bitcoin Trust (IBIT), which on 23 April absorbed $643 million of 
net creations—its largest one-day haul since January—lifting the fund’s assets 
to roughly $54 billion. Jacobs framed the rush into hard assets as part of a 
longer geopolitical realignment. “If you look at central banks around the 
world, a continued movement towards diversification beyond just holding 
dollars is something that’s been happening for decades… the switch from just 
holding dollars to holding gold to looking at other types of assets like 
Bitcoin is a trend that’s been years in the making.” Central-bank gold 
purchases illustrate the shift: net buying topped 1,044 tonnes in 2024, the 
third consecutive year above the thousand-tonne mark, double the average of 
the previous decade. He linked those reserve moves to BlackRock’s 2023 “mega- 
forces” framework, which identified geopolitical fragmentation as a secular 
driver of returns. “That mega force is materialising in policies like 
reshoring in the United States and, I think, directly related to that 
fragmentation has been the rise of things like Bitcoin, as people see more 
destabilisation in geopolitics resulting in the need for more alternative 
assets.” Related Reading: Déjà Boom—Arthur Hayes Says Bitcoin’s 2022 Rally 
Setup Is Back BlackRock’s influence is difficult to overstate: the firm ended 
the first quarter with a record $11.6 trillion under management. By pairing 
that scale with a public thesis that Bitcoin’s fair price rises as uncertainty 
deepens, the asset-manager is effectively codifying a valuation model in which 
scarcity and sanction-resistance—not discounted cash flows—set the marginal 
price. As Jacobs put it, the market is “looking for alternatives—parts of the 
portfolio that are going to behave separately from stocks and bonds.” With 
IBIT now swallowing more BTC each day than miners can produce post-halving, 
his remarks may offer the clearest blueprint yet for how the world’s largest 
asset manager thinks about pricing the world’s largest cryptocurrency. At 
press time, BTC traded at $94,510. Featured image created with DALL.E, chart 
from TradingView.com

How To Price Bitcoin? BlackRock Exec Explains

A $198 million crypto fraud empire disguised as AI trading has been unraveled, 
exposing a luxury-fueled Ponzi scheme that spanned the globe. AI Autotrader or 
Smoke and Mirrors? The SEC Exposes What PGI Really Was The U.S. Securities and 
Exchange Commission (SEC) announced on April 22 that it has charged Ramil 
Palafox, founder of PGI […]