Bitcoin ETFs Record $524M Inflows as Market Confidence Rebounds
US spot Bitcoin ETFs saw a net inflow of $524 million on Tuesday, the largest single-day amount since early October. The surge reflects renewed investor confidence following the early-October crypto crash and the US Senate’s funding bill to end the government shutdown. Institutional investors and “smart money” traders have increased long positions, signalling optimism for Bitcoin’s recovery. Bitcoin is trading near $105,000, supported by purchases from major players like Michael Saylor’s MicroStrategy.
On-chain data show smart money added $8.5 million in net long BTC positions in 24 hours, despite remaining net short on some platforms. Analysts view the correction as healthy, resetting leverage ahead of further institutional participation. Cooling inflation data could also trigger a liquidity-driven rebound.
In altcoin ETF news, Bitwise’s proposed Chainlink ETF (ticker CLNK) appeared on the DTCC registry in “pre-launch” status, marking a key step toward SEC approval. With new SEC listing standards and an end to the government shutdown, more spot ETFs for altcoins like Ethereum, Solana, Dogecoin, Aptos, Avalanche and Hedera could follow soon.
Bullish
The $524 million inflow into Bitcoin ETFs marks the strongest daily demand since early October and aligns with renewed institutional interest following macro-economic stabilization. Historical patterns show that ETF inflows often precede price rallies, as seen in early 2024 when steady inflows drove Bitcoin toward new highs. The appearance of a Bitwise Chainlink ETF on the DTCC registry further indicates growing regulatory momentum for crypto products. In the short term, increased ETF buying and lowered market uncertainty could push prices higher. Long term, continued institutional adoption and the launch of altcoin ETFs may sustain a bullish trend in both Bitcoin and broader crypto markets.