Today in crypto, US spot Bitcoin ETFs recorded $2.12 billion in inflows over nine days, a crypto-aligned political action committee pulled back from a major ad push in a key Texas Senate race, signaling growing friction between digital asset interests and traditional party leadership. Polish prosecutors are investigating Zondacrypto over alleged fraud and access to funds.

Spot Bitcoin ETFs see 9-day inflow streak as investors show resilience

US spot Bitcoin exchange-traded funds (ETFs) have extended their inflow momentum through late April, notching a nine-day streak amid growing investor conviction.

During the period, which spanned April 14 and April 24, total net inflows reached roughly $2.12 billion, with the strongest single-day performance on April 17, when funds attracted $663.91 million. April 14 and April 22 also posted robust gains of $411.50 million and $335.82 million, respectively.

The weakest day came on Friday, with a more modest $14.45 million in net inflows. BlackRock’s IBIT led the day with $22.88 million in inflows. In contrast, Fidelity’s FBTC recorded outflows of $1.69 million, while Bitwise’s BITB and ARK 21Shares’ ARKB saw withdrawals of $8.85 million and $9.02 million, respectively. Other funds, including Grayscale’s GBTC and smaller products, reported largely flat flows.

The April streak is the first nine-day run for spot Bitcoin (BTC) ETFs since a similar run in October, when inflows surged, including $1.21 billion on Oct. 6 and $875.6 million on Oct. 7.

Crypto PAC pulls back from Texas Senate ad buy

A crypto-backed political action committee is reportedly stepping away from a major ad push in a key US Senate race, highlighting early friction between digital asset money and traditional party politics.

The Fellowship PAC, which launched with claims of more than $100 million in crypto-aligned backing, had disclosed $1.75 million in ad spend supporting Texas Attorney General Ken Paxton in his Republican runoff bid.

The expenditure, filed with the Federal Election Commission through marketing firm Nxum Group, was reportedly never executed. Despite that, the filing remained publicly visible, raising questions about how and why the reversal happened after it had already been disclosed.

According to reports, Republican leaders raised concerns about the PAC’s involvement and its ties to Howard Lutnick and Cantor Fitzgerald, which has partially funded Fellowship. The scrutiny appears to have played a role in the group backing off — an unusual move in a space where crypto PACs typically double down on their supported candidates.

Fellowship PAC expenditure report. Source: FEC

Zondacrypto CEO goes off radar as Poland probe deepens

Zondacrypto’s crisis deepened on Friday after Polish outlet Onet reported that CEO Przemysław Kral had gone to Israel as prosecutors investigate the exchange over alleged fraud and investor losses.

According to the report, Kral has been in Israel for about a week and holds Israeli citizenship, a factor that could complicate any potential extradition to Poland. Polish authorities opened an investigation into Zondacrypto last Friday over alleged fraud and investor losses. Cointelegraph also confirmed that Kral’s email address, previously used to communicate with him, has become unavailable.

The developments come a week after Kral admitted last Thursday that Zondacrypto’s cold wallet holding 4,500 Bitcoin (worth around $350 million) was inaccessible, marking his last publicly known communication at the time of reporting. Polish prosecutors have identified several hundred possible victims and potential losses of at least 350 million Polish zloty (around $97 million), according to Notes from Poland, citing prosecutor spokesperson Michał Binkiewicz.

The case has added pressure to one of Central and Eastern Europe's biggest crypto platforms, even as Zondacrypto is much smaller in scale than global exchanges such as Binance.

The controversy deepened this week amid resignations from the supervisory board of BB Trade Estonia OÜ, the Estonian company that operates the exchange.

In a Monday post on LinkedIn, former board member Georgi Džaniašvili said the board learned about the scale of the Zondacrypto crisis through media reports rather than internally. He also pointed to “material inconsistencies” between public statements and information available to the board.

Source: Georgi Džaniašvili