Bitcoin ETFs Don Pass $2.53B Inflows, $547.6M Amid Mixed Flows
US-listed Bitcoin ETFs get record inflows of $2.532 billion for one week, led by BlackRock’s iShares Bitcoin Trust. On-chain data show say exchange reserves dey go down and big wallet holdings dey increase, signals wey usually come before price rise. This strong demand from institutions mean say better market dey. For the next week, Bitcoin ETF inflow reach $547.6 million, boosted by Belvedere’s IBIT netting $887.7 million. Other big spot ETFs get mixed results, with Fidelity’s FBTC flowing out $73.8 million and ARK’s ARKB losing $183.9 million. Traders suppose watch Bitcoin ETF inflows and spot ETF flows for market signals, because steady fund flows fit push Bitcoin price up.
Bullish
Record Bitcoin ETF inflows and steady institutional demand dey usually dey before price rally. The first $2.532 billion surge wey on-chain indicators support, dey show strong bullish momentum. Even though the next week $547.6 million inflow come with mixed fund flows for major ETFs, net positive flows plus the increasing big wallet holdings mean say accumulation dey continue. Traders typically dey see rising Bitcoin ETF inflows as good sign for short-term spike and long-term uptrend.