
April 18th, 2025
Bitcoin traders who anticipated further bullish trends based on last week’s dovish comments from the US Federal Reserve were liquidated earlier today.
Despite the heightened selling pressure from short-term Bitcoin holders, Jamie Coutts anticipates BTC price to flip at least $100K by the end of the year.
The eight-day streak in net inflows is a strong indicator that investors are increasingly viewing Bitcoin ETFs as a strategic addition to their portfolios.
This was the highest net inflow recorded by the funds in a single day since July 23.
Bitcoin has made a comeback, especially after falling below $50,000 in the first week of August.
The inflows into spot BTC ETFs have been very volatile throughout the month of August so far with net inflows turning slightly positive this week due to BlackRock’s IBIT.
The Fed’s FOMC minutes on Wednesday signaled a high chance of interest rate cut next month, which is considered bullish for Bitcoin and the entire crypto market.
Following the strategic partnership between Conflux and China Mobile, a digital collective series dubbed ‘MIGO and His Friend ConFi’ will be unveiled on August 23.
At the current percentage, institutional investors own up to 21.15% share of the total Assets Under Management (AUM) in Bitcoin ETFs.
NYSE has retracted its application to list and trade options on the Bitwise Bitcoin ETF (BITB) and the Grayscale Bitcoin Trust (GBTC).
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded an $81.36 million outflow on Wednesday, breaking a two-day streak of positive inflows. Of all spot Bitcoin ETFs, only two funds managed to secure relatively modest positive inflows on the day.
Ethereum (ETH) is a huge beneficiary of the recent price correction. Beyond the $155 million in inflows last week, its year-to-date inflows have reached $862 million.
Further downward pressure on specific tokens is expected in the coming week due to scheduled token unlocks, with over $120 million worth of tokens set to be released.
VCs believe that there’s a growing fatigue in infrastructure investment and thus they are putting greater focus on opportunities in crypto applications.
While five of the eleven approved Bitcoin ETFs saw positive inflows running into the millions, the remaining products experienced mixed results.