Bitcoin Price Clear For Fresh Lifetime Highs As Spot BTC ETF Inflows Make Huge Comeback

Bitcoin Price Clear For Fresh Lifetime Highs As Spot BTC ETF Inflows Make Huge Comeback
фото показано с : zycrypto.com

2024-3-26 22:17

Bitcoin could soon see a super bullish trend change as institutional BTC inflows resume after bleeding nearly $1 billion last week. The Bitcoin spot exchange-traded funds (ETFs) took in over $15 million on Monday as the crypto climbed above the $70,000 mark.

BTC ETFs Snap Record Net Outflows Streak

After a spell of consistent outflows, U.S.-based spot Bitcoin ETFs finally saw a return of inflows on March 25.

According to data provided by UK-headquartered investment firm Farside, the spot ETFs accumulated 228.97 BTC yesterday, breaking a five-day outflow streak. At the current Bitcoin price, the ETFs received roughly $15.3 million. The dominant crypto is currently valued at $70,267.58 after blasting to $71,419 highs earlier today.

The Fidelity Wise Origin Bitcoin Fund (FBTC) led the pack in this influx, garnering BTC inflows worth $261.8 million on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) collected a commendable $35.5 million, followed by Franklin Templeton’s Franklin Bitcoin ETF (EZBC), which amassed $20.5 million.

Grayscale’s ETF (GBTC) was the obvious outlier, which experienced a single-day net outflow of over $350 million. Last week, the ETFs cumulatively suffered an $887.6 million outflow, thanks to massive withdrawals from GBTC caused by Genesis selling shares as part of its bankruptcy process.

11 spot BTC ETFs launched on the Nasdaq in mid-January, letting traditional investors gain exposure to the world’s oldest and largest crypto while avoiding the hassles of buying and holding the asset themselves. Bitcoin has jumped over 50% since the ETFs made their debut. However, the fervor of these shiny new investment vehicles has somewhat calmed in recent days compared to the full-blown craze seen when they hit the market.

Nonetheless, spot Bitcoin ETFs have seen total assets under management (AUM) skyrocket to $60 billion in roughly ten weeks. It took spot Gold ETFs approximately 15 years to hit the same milestone. This uptick lays the groundwork for Bitcoin’s growth, suggesting the crypto could be on the cusp of a major bullish reversal.

$100,000 Incoming?

At the moment, it remains anyone’s guess whether spot BTC ETF inflows will pick up again in the coming sessions. If more money floods into these funds, reversing last week’s negative impact, the price of Bitcoin will also see an aggressive move higher. 

Prominent crypto analyst-cum-trader Matthew Hyland shared his optimistic view on where Bitcoin might head next. In his post on X, Hyland suggested that BTC’s pathway toward a six-figure price tag is reopening.

“If this turns into the clearing of this final area for Bitcoin then increased likelihood of a run up to $100k is incoming,” the strategist opined.

origin »

Bitcoin (BTC) на Currencies.ru

$ 97491.68 (+0.29%)
Объем 24H $27.986b
Изменеия 24h: 1.26 %, 7d: 1.52 %
Cегодня L: $96101.31 - H: $97507.38
Капитализация $1932.946b Rank 1
Цена в час новости $ 69852.04 (39.57%)

btc bitcoin inflows institutional trend super bullish

btc bitcoin → Результатов: 126


Фото:

Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path

On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new post on X, the market intelligence platform IntoTheBlock has discussed how BTC support and resistance levels are looking from an on-chain perspective right now.

2025-2-13 08:00


Bitcoin May Hit $1.5 Million By 2035 According To Metcalfe’s Law, Analyst Predicts

As Bitcoin (BTC) continues its pullback into the low $90,000 range, analysts are divided on how much further the top cryptocurrency might fall before a potential bounce. However, long-term market observers remain confident, emphasizing that short-term price action does not alter their belief in BTC’s eventual rise to a million dollars or more in the coming years.

2025-1-10 09:30


Фото:

MicroStrategy’s smallest Bitcoin acquisition in 8 weeks sees BTC drop to $92,000

Bitcoin’s price fell by 2% within an hour after MicroStrategy announced its eighth consecutive weekly BTC acquisition. According to CryptoSlate’s data, the market reaction was less enthusiastic about the firm’s latest Bitcoin purchase, which dragged BTC down to $92,900 at the time of writing —a 10% drop from its record high of over $108,000.

2024-12-31 19:00