
April 16th, 2025
BTC price was stuck in tight consolidation near $68K, triggering a spike in profit taking. Will it derail further surge towards the March ATH?
According to Hougan, there are three major factors that he believes could drive the growth.
Institutional interest in Bitcoin ETFs has intensified, driven by BlackRock’s IBIT fund, which has reported nearly $400 million in a single day.
Nate Geraci, President of ETF Store, called it a “monster day” for spot Bitcoin ETFs. He highlighted that net inflows over the past ten months are approaching $20 billion.
Neel Tushar Kashkari, President of the Minneapolis Fed, dismissed Bitcoin as a worthless asset despite its notable past performance.
The rate of Bitcoin purchases by institutional investors led by US spot BTC ETF issuers has significantly outpaced the sellers.
The October bullish narrative for Bitcoin is gradually losing steam as investors show fear of further capitulation amid low demand from institutional investors.
The flows from both spot Bitcoin and Ether ETFs on Tuesday suggest that unstable Bitcoin prices may have swayed investors.
The divergence in the performance between Bitcoin and Ethereum ETFs underscores the unique market conditions each faces.
Interestingly, the renewed geopolitical tensions in the Middle East did not affect BlackRock’s IBIT, which bucked the trend by attracting $37 million in inflows.
Grayscale’s business model that saw it hike fees on its crypto ETF products has proven to be profitable.
Spot Ethereum ETF products are faring below expectations, including BlackRock’s iShares Ethereum Trust.
Crypto investment products in the United States take the stage as fund flow tops $1.2 billion.
More institutional investors have shown higher confidence in Bitcoin and its long-term success amid rising global geopolitical tensions and constant fiat devaluations.
Ark Invest’s recent decision to reduce its Bitcoin ETF holdings seems aimed at maintaining portfolio balance, not signaling reduced faith in Bitcoin.