Bitcoin ETFs recorded about $1 billion in inflows during the week of April 17, marking the strongest weekly inflow since January. This surge has contributed to Bitcoin's price rising from $68,000 to above $80,000 over seven weeks of positive inflows. Institutional demand, led by BlackRock and Fidelity, is outpacing Bitcoin's daily mining output, tightening supply and improving market sentiment. If ETF inflows continue and the CLARITY Act passes, Bitcoin could reach $90,000 to $100,000 by the end of Q2, with potential to hit $150,000 if regulatory clarity is achieved swiftly.
Bitcoin spot ETFs experienced a $635 million outflow, the biggest since January, driven by rising inflation data and the confirmation of a hawkish Fed Chair, Kevin Warsh. Inflation reports showed higher-than-expected CPI and PPI, killing hopes for ra...
Spot Bitcoin ETFs have recorded seven consecutive weeks of net inflows, attracting about $3.4 billion in the last six weeks alone. This steady demand, led by BlackRock's iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, indicates institu...
BlackRock accelerated its sell-off of Bitcoin and Ethereum on May 13, transferring $172.68 million worth of these cryptocurrencies to Coinbase Prime. This move follows five consecutive days of outflows from BlackRock's iShares Bitcoin Trust and low d...
