Bitcoin ETFs experienced a strong finish last week with $162.8 million in net inflows, driven mainly by Blackrock's IBIT product attracting $136.6 million. This late-week surge reversed earlier outflows, signaling renewed institutional interest in bitcoin despite initial profit-taking. In contrast, Ether ETFs saw $82 million in outflows, reflecting weaker demand and cautious investor sentiment. Smaller-cap crypto ETFs like XRP and Solana showed minimal activity and slight outflows, indicating limited investor conviction. The market shows a clear preference for bitcoin exposure, with investors selectively reallocating rather than exiting crypto ETFs entirely.
Last week marked the fifth consecutive week of outflows from Spot Bitcoin ETFs, with $405.2 million withdrawn despite Bitcoin's price rising from $61,000 to $65,000. Similarly, Ethereum ETFs experienced significant outflows totaling $405.2 million, e...
Bitcoin surged nearly 5% to over $67,000, driven by reduced selling from large holders and shrinking exchange reserves, signaling lower selling pressure. Key support levels between $60,000 and $61,500 have strengthened due to whale buying, while tech...
Cryptocurrency markets display varied performance with Bitcoin priced at $66,801, up 4.35%, and Ethereum rising significantly by 9.77% to $1,824.49. Other notable increases include XRP, SOL, and ADA, reflecting growing investor interest. These moveme...
Bitcoin's recent drop to around $60,000 triggered strong buying from large investors, or whales, while retail investors held back. This buying pressure quickly pushed the price back up to $66,000. On-chain data from Glassnode shows a synchronized acc...
Japanese cryptocurrency exchange bitFlyer announced it will start listing Solana (SOL) on June 24, allowing users to easily buy and sell the token. This listing is significant as bitFlyer is one of Japan's largest exchanges, providing Solana greater ...
