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 rate cuts and prompting institutional investors to sell Bitcoin ETFs. Bitcoin also hit resistance at $82,000, leading to profit-taking by traders. The upcoming Senate Banking Committee vote on the CLARITY Act could influence whether these outflows reverse, with potential for renewed ETF inflows if the bill passes.
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...
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....
