According to The Kobeissi Letter, retail investors injected a record $40 billion into US ETFs and single stocks in April 2025, more than double the monthly average for the year and surpassing March’s previous high, as reported by JPMorgan data. This surge in equity inflows signals a renewed appetite for risk-on assets, which may temporarily shift retail capital away from cryptocurrencies and increase short-term volatility in the crypto market as traders rebalance portfolios to capture equity market momentum. Source: The Kobeissi Letter (@KobeissiLetter), JPMorgan.

According to The Kobeissi Letter, retail investors purchased a record $40 billion in US ETFs and single stocks in April 2025, more than double the 2024 monthly average and surpassing the previous record set in March, based on JPMorgan data. This surge in retail equity inflows may signal heightened risk-on sentiment, which often correlates with increased interest in cryptocurrencies as investors seek higher returns. Crypto traders should monitor this retail momentum, as equity inflows can precede or coincide with bullish moves in major cryptocurrencies. Source: The Kobeissi Letter on Twitter, citing JPMorgan data.