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Crypto Rover, a popular crypto-analyst, recently shared his insights in a YouTube video and analyzed the situation with Bitcoin and the reasons for the price drop. The analyst insights focus on the key trends, the effects of Ethereum and Bitcoin spot ETFs, and the large sell-off by Mt. Gox to help give a richer picture […]
The consistent inflows into Bitcoin spot ETFs signal a robust and growing demand for regulated Bitcoin investment vehicles.
The US Bitcoin ETFs are strongly reflecting the bullish sentiments that are ravaging the crypto market at the moment. Following an impressive performance in the third week of April marked by $3.06 billion in net inflows, these Bitcoin ETFs did well to retain investors interest by attracting almost $2 billion in deposits over the past week. Notably, Bitcoin has recently seen a market rebound, with prices moving from $84,000 to $97,000 in the last two weeks. The rising inflows to Bitcoin demonstrate a strong market demand backing this resurgence, hinting at the potential of a sustained uptrend. Related Reading: Bitcoin At Critical Juncture Price Levels To Watch: Analyst Bitcoin ETFs Drive Into May On Bullish Note According to ETF tracking platform SoSoValue, the US Bitcoin Spot ETFs recorded $1.81 billion in net inflows as the market crossed into the month of May. This represents the third-largest weekly inflow in 2025 as institutional investors actively rotate their capital into the cryptocurrency and all related markets. In a familiar tale, BlackRocks IBIT attracted the largest investments with over $2.48 billion in net inflows. Interestingly, IBIT accounted for all deposits on Friday, May 2nd, valued at $674.91 million, demonstrating an unrivaled market dominance. Other ETFs that experienced a net inflow include Grayscale’s BTC, VanEcks HODL, and Invescos BTCO, with investments ranging from $10 million – $41 million. Meanwhile, Fidelitys BTCO accounted for the largest weekly net outflow at $201.90 million in what proved a bearish week for the second-largest Bitcoin ETF. Grayscales GBTC and Bitwises BITB also registered net withdrawals valued between $30 million – $60 million. While Franklin Templetons EZBC, Wisdom Trees BTCW, Hashdexs DEFI, and Valkyries BRRR have zero market flows. Following this bullish trading week, the US Bitcoin Spot ETFs boast of $40.24 billion in cumulative total net inflow. Meanwhile, their total net assets are now valued at $113.15 billion, representing 5.87% of Bitcoin’s market cap. Related Reading: Machine Learning Algorithm Predicts Ethereum Price Crash To $1,500 After 4 Red Month Closes Ethereum ETFs Score $107 Million In Investments Alongside the resurgence with their Bitcoin counterparts, Ethereum Spot ETFs are also experiencing a notable rebound, recording over $250 million in net inflows over the past two weeks. Specifically, these ETFs registered $106.75 million in inflows in the last trading week, with BlackRocks ETHA accounting for the majority share. Presently, these ETFs hold a cumulative total net inflow of $2.51 billion and total net assets of $6.40 billion, which represents 2.87% of the Ethereum market cap. At the time of writing, Ethereum continues to trade at $1,845 following a 0.49% decline in the past 24 hours. Meanwhile, Bitcoin remains valued at $95,514. Featured image from iStock, chart from tradingview
Ethereum exchange-traded funds (ETF) have been the talk of the town – and rightly so – after the United States Securities and Exchange Commission (SEC) approved the listing of the investment products during the week. Meanwhile, the Bitcoin spot ETF market continued its resurgence on one side, marked by a second consecutive week of positive inflows. This streak of positive inflows represents a complete shift from previous weeks when investment activity was dangerously low. However, this recent turnaround reflects a rise in investor confidence over the past two weeks. Bitcoin Spot ETF: $252 Million In Net Inflows In One Day On Friday, May 24, the US Bitcoin spot ETF market saw another day of positive inflows, marking the 10th consecutive day of significant investment into these funds. According to data from SoSoValue, the market recorded a total net inflow of approximately $252 million to close the week. Related Reading: Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval Key Levels To Watch Breaking this down, BlackRock amassed a substantial percentage of the total daily investment, with the IBIT ETF posting an inflow of $182 million. Grayscale Bitcoin Trust (GBTC), on the other hand, did not attract any capital on Friday, ending the week with zero daily outflows and inflow. Other ETF issuers, such as Fidelity, Bitwise, and ARK Investment, also witnessed impressive inflows on Friday. Most notably, Fidelitys FBTC came second to BlackRocks fund after attracting about $43.7 million on the last day of the week. More importantly, this positive inflow day means that the Bitcoin spot ETF market has amassed significant investment every day for the second week in a row. And after the close of Fridays trading session, the net inflow in the past week stood at an impressive $1.06 billion. This sustained positive trend in terms of capital inflow suggests that investor confidence in Bitcoin ETFs might be back at an all-time high. The last time there was a consistent positive capital inflow into these products, the Bitcoin price rose to a new all-time high. With Ethereum spot ETFs on the brink of trading in the US, crypto exchange-trade products seem to be in fashion at the moment. And they might just be the catalyst that the crypto market – particularly Bitcoin – needs to resume what is left of the bull cycle. Bitcoin Price At A Glance As of this writing, Bitcoin is valued at $68,868, reflecting a 2.5% price increase in the last 24 hours. According to data from CoinGecko, the premier cryptocurrency is up by 3% on the weekly timeframe. Related Reading: Bitcoin Bulls Gain Breathing Room As Long-Term Holder Activity Eases Glassnode Featured image from iStock, chart from TradingView
By their lofty standards, the US Bitcoin spot ETFs produced a moderately positive performance last week, attracting about $200 million in netflows. This development comes amid an impressive market comeback over the past two weeks following the heavy withdrawals seen in early March. Related Reading: Bitcoin Price Slips Under $84,000 Key Support Levels To Watch Bitcoin Spot ETFs: 10 Straight Days Of Positive Netflows According to data from ETF tracking site SoSoValue, the Bitcoin ETFs registered total net outflows of $93.47 million on Friday, moving its aggregate netflows for the past week to $196.7 million. Prior to Fridays negative input, these funds recorded a positive flow for 10 consecutive trading days suggesting a high amount of favorable market interest. This development indicates a return of bullish sentiments among Bitcoin institutional investors following the bearish mood seen in February and early March which featured massive asset withdrawals. In a similar fashion, Blackrocks IBIT accounted for the majority of the inflows from last week by attracting $171.95 million in investments, followed by Fidelitys FBTC with $86.84 million. VanEcks HODL was the only other ETF with a positive inflow of $5 million in new deposits. On the other hand, a large percentage of withdrawals came from Ark Invests ARKB which recorded $40.97 million in net outflows. Invescos BTCO, WisdomTrees BTCW, and Bitwises BITB also experienced moderate levels of redemptions ranging between $6.95 million – $10.22 million. Meanwhile, Grayscales GBTC, BTC, and Franklin Templetons EZBC registered no significant flow. Related Reading: Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time Bitcoin ETFs Close Out Q1 – What Next? With Q2 of 2025 fast approaching, the Bitcoin spot ETFs conclude the first quarter of the year on an uncertain note. The year began with strong bullish momentum, driving $5.25 billion in net inflows during January. However, this was followed by a sharp reversal, with cumulative net liquidations of $4.25 billion across February and March. Notably, the resurgence of positive inflows seen in the latter half of March is a sign of renewed market interest and strong market confidence. Furthermore, the crypto-friendly stance being adopted by the Donald Trump administration could encourage institutional investment in the long run. However, macroeconomic factors including potential Fed rate hikes, and ongoing US tariff changes may force investors to move out of high-risk assets or other associated investments. In addition, the uncertainty over the current Bitcoin bull run also draws serious concerns. At the time of writing, the flagship crypto asset trades at $83,359 after a 0.77% decline in the past day. Meanwhile, daily trading volume is down by 49.43% and is valued at $16.88 billion. Featured image from StormGain, chart from Tradingview
Glassnode has suggested that the upcoming Bitcoin halving might not result in a supply squeeze that the market may have anticipated. Bitcoin Halving May Not Carry Same Impact Due To Spot ETFs In a new report, the on-chain analytics firm Glassnode has discussed the impact the next Bitcoin halving may have on the economics of the cryptocurrency. The “halving” is a periodic event for BTC where its block rewards (the rewards the miners receive for adding blocks on the network) are permanently cut in half. Related Reading: Bitcoin Cash (BCH) Surges 15% As Coinbase Plans Futures Listing This event is built into the coin’s code, meaning it happens automatically. The halving kicks in after every 210,000 blocks, or approximately every four years. The next such event will take place sometime in the coming month. Historically, the halving has been considered an important event for the asset due to how it influences its supply dynamics. The block rewards the miners receive are the only way to introduce new BTC tokens into circulation. Since they get tightened during these events, the cryptocurrency’s production rate slows down following them. As such, halvings are considered bullish events, with the price increasing following them due to the constrained supply, as supply-demand dynamics would dictate. “However, the current market conditions differ from historical norms,” says Glassnode. The reason behind that is simple; there is something now that was never there in the past: the spot exchange-traded funds (ETFs). Spot ETFs are investment vehicles that buy and hold Bitcoin and allow their users to gain indirect exposure to the cryptocurrency’s price action through them. Since the spot ETFs are available on traditional exchanges, they can be preferable for those not looking to dabble with digital asset platforms and wallets. Thus, the ETFs have introduced a notable amount of fresh demand for the asset, with supply rapidly leaving the market and entering these funds. To put this demand into perspective, the analytics firm has compared it against the BTC amount miners issue on the chain daily. The trend in the spot ETF flows and miner issuance since the start of the year | Source: Glassnode As the above chart shows, the Bitcoin ETF flows have generally been much higher than what the miners have been introducing into circulation. Based on this, Glassnode believes “the upcoming halving might not result in the supply squeeze once anticipated.” Related Reading: Bitcoin Traders Capitulate: Heres What Happened Last 2 Times The report further says: The ETFs are, in essence, preempting the halving’s impact by already tightening the available supply through their substantial and continuous buying activity. In other words, the supply squeeze usually expected from halvings may already be in effect due to ETFs large-scale bitcoin acquisitions. Something to note, however, is that the ETFs aren’t certain to always be a bullish influence for the market. Should the current inflow-heavy regime flip to one dominated by outflows, the cryptocurrency could naturally witness extraordinary selling pressure. In fact, the spot ETF netflows have been negative for Bitcoin for four straight days now, so such a trend shift may already be in action. BTC Price Bitcoin had recovered beyond the $68,000 level yesterday, but the coin has since declined again, falling back towards $64,200. Looks like the price of the asset has has retraced a chunk of its recovery | Source: BTCUSD on TradingView Featured image from Traxer on Unsplash.com, Glassnode.com, chart from TradingView.com
Local media reports indicate that around 10 financial institutions in Hong Kong have plans to apply for Bitcoin spot ETF listings. Additionally, Ethereum spot ETFs are under active discussion as the region aims to enhance its position in the global crypto market. This news comes about two months after the first Bitcoin spot ETFs launched […]
The Ethereum Spot ETFs began February 2025 on a strong positive note, recording net inflows double the size in the Bitcoin ETF market in the first week of the month. Interestingly, this development coincided with a bearish trading week for Ethereum, during which its price declined by 16.18%. Related Reading: Ethereum Spot ETFs Suffer $186 Million Outflows As New Year Struggles Persist Details Ethereum Spot ETFs Register $420 Million Inflows Amid Price Fall As prices of Ethereum struggled to find market stability in the past week, the Ethereum Spot ETFs experienced an increased level of market interest translating into a net inflow of $420 million. Data from SoSoValue show the ETH ETFs pulled inflows significantly larger than the $203 million registered by the Bitcoin Spot ETFs despite the premier cryptocurrency having a better price performance. Commenting on this eye-catching development, Coinbase analysts have attributed Ethereum ETF performance to a spiked interest in ETH as a preferred asset for CME basis trade over Bitcoin. For context, the CME basis trade is a common trading strategy where market participants go long on an asset in the spot market and short in the future market with intentions to profit from the difference in market prices. According to data from Coinbase, CME ETH basis trade produced a higher gain (16%) than that of Bitcoin (10%) over the last week translating into an increased market institutional interest in the Spot ETFs. Of the reported net inflows in the Ethereum ETF market, BlackRock’s ETHA remains investors favorite with total net deposits of $286.81 million. Unsurprisingly, Fidelitys FETH came second with aggregate investments of $97.28 million. Grayscales ETHE, ETH, Bitwises ETHW, and 21 Shares’ CETH also recorded modest net inflows between $4 million -$18 million. Meanwhile, Invescos QETH, Franklin Templetons EZET, and VanEck’s ETHV all record zero net flows. Over the last trading week, the Ethereum Spot ETFs saw their net assets decline to $9.88 billion despite a net positive flow. At the time of writing, these ETFs now control 3.17% of the ETH market cap. Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle ETH Price Overview At press time, Ethereum trades at $2,681 following a 1.46% rise in the last 24 hours. However, daily trading volume is down by 45.15% and is now valued at $16 billion. According to its daily trading chart, the Ethereum Relative Strength Index is currently at 34.03 heading in an upward direction. This data suggests strong potential for a price reversal following last week’s price crash. In driving any price rally, market bulls will encounter strong resistance in the $3400 price zone, pushing past which could allow a return to the local market peak of $4,000. Featured image from ShutterStock, chart from Tradingview
Bitcoin roared back this week, clawing its way to $48,207 its highest point since early January. This fiery ascent follows weeks of muted trading, fueled by concerns about institutional outflows and a post-ETF price dip. But what’s sparking this sudden surge? And can the digital dragon overcome its next hurdle? Related Reading: Solana TVL Nears $2 Billion Will SOL Cruise To $120 Before Valentines? Positive Winds Fill Bitcoin’s Sails Several factors are propelling Bitcoin’s recent rally: Spot ETF Momentum: The long-awaited launch of spot Bitcoin ETFs in January might be finally delivering on its promise. Potential inflows and positive sentiment surrounding these new investment vehicles are driving interest. Halving Horizon: The Bitcoin halving, scheduled for May 2024, looms large. Historically, this event, which reduces the rate of new Bitcoin creation, has been linked to price increases, fueling investor optimism. Market Synergy: The S&P 500’s recent ascent to record highs seems to be spilling over to the crypto market, creating a wave of positive momentum. Lunar Luck? Bitcoin often experiences gains around the Chinese New Year, and this year is no exception. The “Year of the Dragon,” with its auspicious connotations, adds another layer of bullish sentiment. ETF Absorption of Selling Pressure: Several ETFs have absorbed over a billion dollars worth of Bitcoin selling pressure in recent weeks, indicating underlying demand despite pre-ETF concerns. Bitcoin currently trading at $47,335 on the daily chart: TradingView.com But Can Bitcoin Slay The Resistance Dragon? While the outlook seems bright, challenges remain: Resistance at $48,500: Bitcoin faces a crucial resistance level at $48,500. Breaking through this barrier is key for a potential new all-time high. Post-ETF Sell-off: Despite the recent surge, Bitcoin remains below its pre-ETF highs, sparking concerns about a potential sell-off after the initial excitement fades. Volatility Reigns: Crypto remains a notoriously volatile asset, and predicting future price movements is fraught with difficulty. Experts Weigh In: Bitcoin At $52K Sylvia Jablonski, CEO of Defiance ETFs, attributes the price appreciation to “recent inflows into the spot ETFs, the prospect of the halving, and general market momentum.” However, she cautions that breaking through resistance levels is never guaranteed, and investors should approach any investment with caution. Meanwhile, Markus Thielen, the founder of 10x Research and head of research at Matrixport, predicted more rise in bitcoin prices using Elliott Wave theory, a technical study that makes the assumption that prices move in repeating wave patterns. The idea states that price trends evolve in five stages, with waves 1, 3, and 5 serving as “impulse waves” that indicate the primary trend. Retracements between the impulsive price movement occur in waves two and four. According to Thielen, BTC has begun its final, fifth impulsive stage of its uptrend, aiming to reach $52,000 by mid-March, after completing its wave 4 retracement and correcting to $38,500. Related Reading: Cardano (ADA): Green Shoots Emerge Is A 30% Price Growth Next? Featured image from Adobe Stock, chart from TradingView
North America could see its share in the global trading volume for crypto-related exchange-traded funds (ETFs) grow even further if spot Bitcoin ETFs are approved in the United States, a Bloomberg analyst said. This comes after the US Securities and Exchange Commission (SEC) issued a delay letter regarding Ark Invest’s application for a spot Bitcoin ETF. In a widely-anticipated delay, the SEC is asking for new written comments on the spot Bitcoin application. Some of the issues raised by the commission include the suitability of Bitcoin as an underlying asset of an exchange-traded product, and the resistance of Bitcoin to price manipulation, amongst other things. The Ark Invest spot ETF, proposed by leading asset management firm ARK Invest in conjunction with Swiss-based 21Shares, would give investors indirect exposure to Bitcoin, the largest cryptocurrency in the market. This recent setback has raised questions about the fate of the spot Bitcoin ETF applications of other asset management companies, including Blackrock, Valkyrie, WisdomTree, etc. Related Reading: Black Swan Author Warns Of Bitcoin Volume Slump As BTC Fails To Breach $30,000 North America’s Share Of Global ETF Trading Volume To Reach 99.5%? In the event that the spot Bitcoin ETF applications get greenlighted by the SEC, Bloomberg ETF analyst Eric Balchunas said that the North American region may see its percentage of the crypto ETF trading volumes reach 99.5%. According to his post on X (formerly Twitter), North America currently accounts for 97.67% of the total crypto ETF trading volume in the world. “If/when spot ETFs come out in the US this will likely go to like 99.5%,” Balchunas noted. In another post, the Bloomberg analyst disclosed that most of the best-performing equity ETFs in 2023 are crypto-related. At the top of this list is $WGMI, the Valkyrie Bitcoin Miners ETF, with a year-to-date return of 227%. This actively-managed fund invests in public companies in the Bitcoin mining industry, including Riot, Bitdeer, Cipher Mining, etc. Given the positive performance of these mining firms’ stocks, it is no surprise that investment products, like $WGMI, are doing well. Other top-performing crypto-related exchange-traded products on this list include the VanEck Digital Transformation ETF, with a YTD return of 182%; the Global X Blockchain ETF, which has returned 168% so far in 2023; and the Bitwise Crypto Industry Innovators ETF, also up by roughly 168% year to date. Pending Grayscale Lawsuit To Be Pivotal To Bitcoin ETF Approval In 2022, Grayscale Investments sued the SEC for rejecting the application to convert its flagship product, GBTC, into a spot Bitcoin ETF. According to Nathan Geraci, president of the ETF Store, the final judgment in this lawsuit could prove pivotal in the race for Bitcoin exchange-traded fund. Geraci commented on the delay of Ark Invest ETF: It all comes down to the outcome of the Grayscale lawsuit & SEC’s view of question #4 here (referring to the fourth subject the commission is seeking comments on). Related Reading: San Francisco’s SoFi Bank Reveals Significant Holdings In BTC, ETH, And DOGE Earlier in March, Grayscale argued against the commission, questioning the logic behind allowing Bitcoin futures ETFs while disapproving similar spot Bitcoin funds. Subsequently, the Grayscale legal team submitted a letter in July, urging the Securities and Exchange Commission to approve all eight applications for Bitcoin spot ETF. BTCUSDT trading at $29,418 | Source: daily BTCUSDT chart on TradingView Featured image from iStock, chart from TradingView
Bitcoin has experienced a whirlwind of volatility following its recent all-time high of $93,483 set on Wednesday. Over the past few days, the price has oscillated between this record level and a low of $85,100, indicating the potential onset of a consolidation phase before the next major move. Traders and investors are now closely monitoring whether BTC will stabilize or continue its upward trajectory. Related Reading: Solana God Candle Is Close As It Breaks From Crucial Resistance Top Analyst Key data from CryptoQuant suggests that selling pressure may increase quickly, primarily driven by speculative traders looking to lock in quick profits. However, this doesn’t necessarily spell trouble for Bitcoins bullish momentum. Analysts predict that much of the selling pressure will be absorbed by the growing demand for Bitcoin ETFs, which have gained significant traction among institutional investors. This balance between short-term selling and institutional accumulation could set the stage for Bitcoins next move. With volatility expected to persist in the coming days, market participants are eagerly watching for signals that might indicate the direction of BTC’s price action. Whether this phase leads to a deeper correction or propels Bitcoin toward new highs, one thing is clearBitcoin continues to dominate the financial landscape with its dynamic performance. Bitcoin Strong Demand Supports Bullish Price Action Bitcoins price action has been impressive, surging by 38% over the past ten days. This rapid rise has caught the attention of many investors, reaffirming the growing strength of Bitcoins demand. Key data from CryptoQuant analyst Axel Adler offers insight into the current market dynamics, highlighting that Bitcoin is trading above its short-term holder (STH) cost basis of $69,000. This level represents a crucial support threshold for those who acquired Bitcoin in the past few months, indicating solid demand above this price. Additionally, the MVRV (Market Value to Realized Value) ratio stands at 1.3, suggesting that Bitcoin is still profitable. However, Adler notes that if this ratio crosses the 1.35 mark, it could trigger selling pressure from short-term speculators looking to lock in profits. While this may prompt some market volatility, its important to note that most of these coins are expected to be absorbed by growing institutional demand, particularly through Bitcoin exchange-traded funds (ETFs). Related Reading: Cardano Skyrockets Over 40% Funding Rate Suggests Further Upside This data points to a significant shift in Bitcoins rallyrather than being fueled by speculative futures trades, the recent surge appears to be driven by strong spot demand. Spot demand typically reflects a more sustainable, stable price move than the volatility often seen in futures-driven rallies. As Bitcoin continues to trade above key support levels, the outlook remains bullish, driven by a healthy balance between speculative trading and long-term institutional interest. BTC Technical View: Prices To Watch Bitcoin is trading at $89,240, reflecting a 7% retrace from its recent all-time high of $93,483. The price has consolidated below this level following a period of aggressive upward momentum that propelled it into price discovery territory. This pause in the rally allows the market to stabilize and test key support levels before determining its next move. During this consolidation, the $85,000 mark has emerged as a crucial support level. If Bitcoin can hold above this level in the coming days, it may provide the foundation for another surge, potentially challenging the $90,000 resistance and retesting its all-time high. A successful reclaim of $90,000 would signal renewed bullish momentum, paving the way for further price expansion. Related Reading: Ethereum Analyst Sees Altseason Potential As BTS Is Still Outpacing ETH Time To Buy Altcoins? However, failure to maintain the $85,000 support could lead to a deeper correction. In this scenario, Bitcoin would likely seek lower-level demand, with $82,000 emerging as a significant area of interest for buyers. As the market navigates this critical phase, traders and investors will closely watch price action for signals of either a breakout or a pullback, with both scenarios carrying implications for Bitcoin’s short-term trajectory. Featured image from Dall-E, chart from TradingView
Amidst a general crypto market rally, the price of Ethereum surged by 8.07% in the past week marking a return into the $3,600 price zone. Despite this price gain, the Ethereum Spot ETFs recorded a net weekly outflow of $38.20 million, ending a five-week positive streak. Interestingly, the underperformance coincided with the Bitcoin Spot ETFs managing a return to the green track as they recorded their lowest positive inflows in the last five months. Related Reading: Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon? Ethereum Spot ETFs Open 2025 On Negative Note Following the US elections in November, the Ethereum Spot ETFs alongside other crypto-related markets registered a massive level of investor interest tied to the expectations of a pro-crypto government led by President-elect Donald Trump. Despite a significant wide-scale crypto price correction in which ETH price dropped by 23%, interest in the Ethereum Spot ETFs remained strong with an estimated $2.11 billion recorded in net inflows over the month. However, data from SoSoValue shows these Ethereum ETFs have now experienced a net outflow of 38.20 million in the first trading week of 2025, indicating a change in US institutional investors’ sentiments. Bitwises ETHE accounted for the largest outflows valued at $56.11 million, followed by Grayscales ETHE, which recorded around $51.62 million in withdrawals. Franklin Temptons EZET also registered outflows to the tune of $3.11 million. Meanwhile, Fidelitys FETH experienced the largest inflows in the past week with investments of $38.42 million as BlackRocks ETHA emerged second with $33.88 million in new deposits. Grayscales ETH witnessed modest inflows of 1.10 million as 21 Shares CETH and VanEcks ETHV saw no market flows at all. At press time, BlackRocks ETHA remains the most attractive Ethereum Spot ETF with total cumulative inflows of $3.56 billion. However, Grayscales ETHE maintains market dominance with net assets of $5.07 billion. Despite the recent weekly net outflows, the Ethereum Spot ETFs have experienced remarkable growth in the past few months resulting in a current total net assets of $13.03 billion representing 3% of the Ethereum market cap. Related Reading: Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand Bitcoin ETFs Register $245 Million Inflows As 2025 Begins While Ethereum Spot ETFs saw another week of negative returns, their Bitcoin counterparts recorded $244.99 million in weekly inflows, driven by a substantial $908.10 million investment on Friday. Total net assets in the Bitcoin Spot ETF market is now valued at $111.46 billion with the BlackRocks IBIT asserting a 48.68% market dominance. At the time of writing, Bitcoin continues to trade at $97,638 with the market price of Ethereum hovering around $3,660. Featured image from Lxme, chart from Tradingview
Matrixport, a crypto financial services platform, has always been bullish on Bitcoin, especially in 2023. So its latest prediction for the digital asset comes as no surprise to investors. This time around, Matrixport analysts have predicted that the price of BTC will push forward to as high as $125,000 by the end of 2024. A [...]
The post Analysts Puts Bitcoin At $125,000 By 2024, How Is This Possible? appeared first on Crypto Breaking News.
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