US Bitcoin ETFs see record $17B in net inflows

The consistent inflows into Bitcoin spot ETFs signal a robust and growing demand for regulated Bitcoin investment vehicles.

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Bitcoin ETFs: $53M Inflows Amidst Price Stability at $65K

On July 17, the Bitcoin spot ETF market witnessed significant financial movements. According to SoSovalue data, net inflows continued for the ninth consecutive day, totalling $53.35 million. This, however, marked a decline from the substantial $422 million observed the previous day. BlackRock’s IBIT emerged as the frontrunner with net inflows of $110.37 million, boasting a […]

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Thailand Approves Its First Spot Bitcoin ETF

Thailand approved its first spot in Bitcoin ETF, with One Asset Management joining the growing list of jurisdictions approving regulated Bitcoin funds.

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Thailand Approves the First Spot Bitcoin ETF

Thailand has approved launching its first spot Bitcoin exchange-traded fund (ETF), joining a growing list of countries embracing regulated Bitcoin investment vehicles. BREAKING: Thailand SEC approves the first spot #Bitcoin ETF. pic.twitter.com/ju1q83JvVP — Bitcoin Magazine (@BitcoinMagazine) June 4, 2024 The Thai Securities and Exchange Commission (SEC) endorsed asset manager One Asset Management (ONEAM) to [...]

The post Thailand Approves the First Spot Bitcoin ETF appeared first on Crypto Breaking News.

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Australias First Spot Bitcoin ETF To Begin Trading Tomorrow

Australia's first spot Bitcoin ETF, the Monochrome Bitcoin ETF (IBTC), is set to begin trading on CBOE tomorrow, marking a new milestone for Bitcoin adoption in Australia.

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Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash

On-chain data shows the Bitcoin whales have been dialing back risk on derivatives exchanges following the latest downturn in the cryptocurrency. Bitcoin Inter-Exchange Flow Pulse Has Just Turned Red As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the Bitcoin Inter-Exchange Flow Pulse is now giving a red signal. The Inter-Exchange Flow Pulse (IFP) is an indicator that tracks the BTC movements between spot and derivatives exchanges. When the value of this metric rises, the amount of cryptocurrency going from spot to derivatives platforms goes up. Such a trend implies that large entities like the whales are potentially looking to open up new positions in the derivatives market. Related Reading: Bitcoin Slips Under $64,000: Heres Where The Next Support Is On the other hand, a decline in the indicator suggests investors are transferring fewer coins to the derivatives exchanges. This trend could signal a decreasing appetite for risk positions in the sector. Now, here is a chart that shows the trend in the Bitcoin IFP, as well as its 90-day simple moving average (SMA), over the past decade: As displayed in the above graph, the Bitcoin IFP had been climbing earlier, but the metric seems to have reversed its direction recently, as it’s now heading down instead. Following the latest decline, the indicator has crossed below its 90-day SMA. Historically, the IFP observing a cross with its 90-day SMA has signified a market sentiment shift. A breakout above this line suggests the whales are willing to take risks with the asset again, which can potentially be a bullish signal. The chart shows that such a cross occurred around both the 2018 and 2022 bear market lows. On the other hand, a plunge under the 90-day SMA usually takes place near tops, as it implies the whales are looking at derivative positions as too risky. Related Reading: PEPE Has 80% Of Holders In Profit: How It Compares To DOGE & BTC As the indicator has once more seen the latter type of crossover, it’s possible that the asset could end up facing some bearish momentum. This possible shift to a bearish sentiment, however, doesn’t have to last for too long. The previous instance of the IFP dropping below its 90-day SMA in January. This crossover coincided with Bitcoin’s downturn following the spot exchange-traded fund (ETF) approval. The bearish momentum ended up only temporary, though, as the cryptocurrency soon found a breakout that led to its new all-time high (ATH). The asset observed only a temporary effect from this crossover in 2016 before catching back an uptrend into the 2017 bull run. It remains to be seen where this bearish Bitcoin IFP crossover will lead to this time. BTC Price Bitcoin hasn’t seen an end to its recent decline, as its price has now dropped to $61,200. Featured image from Dall-E, CryptoQuant.com, chart form TradingView.com

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Spot Bitcoin ETFs Saw $1.8B in Inflows Last Week

Spot Bitcoin ETFs in the U.S. saw $1.8 billion in inflows last week, extending their inflow streak to a record 18 consecutive days as funds mature.

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Crypto Expert Weighs In On ETH/BTC Pairs Recent Decline

Amid turbulence surrounding the crypto market, popular founder and Chief Executive Officer (CEO) of Into The Cryptoverse Benjamin Cowen has taken the spotlight to shed his insights on the recent downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. Cowen’s views examine the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Benjamin Cowen, the ETH/BTC pair is currently on the downside, and the last 2 times that the pair declined, ETHUSD witnessed a steep decline of around 70%. Given that the crypto community has been eagerly anticipating an Altcoin season for the past 2.5 years, Cowen thinks it is crucial to warn the community that there is still a possibility of a downward movement. ETH/BTC Pair Rejected By The Bull Market Band Cowen has also confirmed that ETH/BTC is presently being rejected by the bull market support band, which he previously predicted days back due to a price pump. “I would expect it (ETH/BTC) to be rejected by the bull market support band, at least when looking at weekly closes ($0.053-$0.054),” he stated. He further noted that the pump appears to be mirroring the last cycle of rate cuts right before summer capitulation. Related Reading: Cracking the Crypto Code: ETH/BTC Signals The Next Altcoin Explosion Heres How Following the launch of Bitcoin Spot Exchange-Traded Funds (ETFs), Cowen mentioned that ETH/BTC saw a sharp rally. The analyst affirms that the rally was probably similar to the trend of the previous bull cycle, ushering in new lows. Furthermore, Cowen stated that there has been an unquestionable macro downtrend since November 2021, particularly following the merger of the ETH/BTC pair. However, it is also evident that the market did not decrease abruptly. As a result, investors held ETH instead of BTC all the way down from 0.085 to 0.048 because of the multiple lower highs, giving the impression that it was holding up quite well.  Prior to the Bitcoin Halving, Cowen predicted that the bull market support band would reject ETH/BTC, at least when considering weekly closes ($0.053-$0.054), should there be a rebound after the Halving, similar to that witnessed with BTC spot ETF launch. Regardless of what occurs, the expert is confident that ETH/BTC will reach between $0.03 and $0.04 by this summer. Heightened Divergence Between Ethereum And Bitcoin Being the two leading cryptocurrency assets, there is great interest surrounding Ethereum and Bitcoin. However, on-chain analytics firm Glassnode has highlighted a shift in performance between both digital assets. Related Reading: Ethereum Trouncing Bitcoin, ETH/BTC Ratio Bouncing Higher: Will This Trend Continue? According to the firm, the performance of Ethereum and Bitcoin has been increasingly diverging so far in the 20232024 cycle. This is due to poorer performance in ETH price, which is explained by a generally weaker trend in capital rotation. In addition, this is evident when particularly compared to preceding cycles and all-time highs. Featured image from iStock, chart from Tradingview.com

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Bitcoin Spot ETFs Score $1.81 Billion In Net Inflows As Market Revival Continues

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

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Analyst Discusses Bitcoin Price Path To Heighten Fear Factor

MilkyBull, a well-known personality in the world of cryptocurrency analysis, has drawn attention lately for his analysis of Bitcoin’s price trajectory and his prediction of a situation that might cause more fear in the market. MilkyBull’s analysis delves into the subtleties of Bitcoin’s movement, identifying patterns and trends that could have a big impact on investor mood.  Bitcoin Triggering Anxiety In The Market According to the analyst, the market will get even more fearful of the Bitcoin price path before it bottoms out and continues to rise. The analyst claimed that because of the current price of BTC, Blackrock iShares Bitcoin Trust (IBIT) saw its first-ever outflows since the approval of the Bitcoin Spot Exchange-Traded Funds (ETFs). Related Reading: Bitcoin Euphoria Cools Off As BTC Distribution Enters Fear Zone Furthermore, he reminded us that positive news always denotes the peak of a Bitcoin bull cycle, while negative news denotes the bottom. With this notion, investors could position themselves for the next trajectory BTC takes. To further explore his narrative, MilkyBull drew attention to a previous analysis regarding Bitcoin’s final local bottom in this cycle. Given that BTC is following the PA (Price Action) of 2017, MilkyBull believes that the crypto asset might have bottomed out or come close to it. Historically, the bull market support band strongly sustains the Bitcoin market in bull cycles. As a result, the analyst is confident that Bitcoin’s price may wick through the support and recover. Another aspect highlighted by the expert is the Global liquidity during past bull cycles. Presently, Global liquidity is closely linked to Bitcoin at a level where it recovered in October 2022 and October 2023, which led to the inception of a massive surge in the digital assets markets, sparking a massive surge in the whole cryptocurrency market.  With the macro volatility on Tuesday, MilkyBull stated that Bitcoin is at a pivotal juncture for the last local bottom before it resumes its rise to the cycle peak. Though the market does not always respond to such expectations, the majority of members in the crypto space are requesting a correction to $48,000. BTC Poised For A Breakout On The Upside Another crypto analyst Captain Faibik has also spotted the largest cryptocurrency asset undergoing a price recovery lately. According to the expert, although BTC is currently seeing a rebound, it is still moving inside the falling wedge formation. Related Reading: Bitcoin Loses Historical Level, Analyst Says Reclaim And Bounce, Or Die Thus, Bitcoin’s bullish investors must overcome the $61,000 resistance level for the digital asset to break out from this formation. Should BTC break out from this formation successfully, Captain Faibik anticipates a notable move on the upside toward $78,000. Given that BTC is already trading above $61,000, all eyes are now set on the $78,000 price level. At the time of writing, BTC was situated at $61,701, indicating a rise of over 5% in the past day. Data from CoinMarketCap shows that its market cap has increased by 5%, while the trading volume is down by 21%. Featured image from iStock, chart from Tradingview.com

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Bitcoin Spot ETF Records Consecutive Weeks Of Inflows As Investor Confidence Grows

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

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On-Chain Data Tips Bitcoin To Peak At $120,000 But On This Condition

Bitcoin prices have registered impressive gains in recent weeks amidst an ongoing price rebound. Since dipping below the $75,000 mark in mid-April, the assets price has jumped by over 37.5% to trade as high as $105,490.  While the BTC market appears to be cooling off, renowned crypto analyst Ali Martinez has tipped the premier cryptocurrency to hit a market top of $120,000 before the current bull cycle runs out. Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 Heres What Its Saying Now CVDD Metrics Hint At $120k Peak, But Only If $90k Support Holds The Cumulative Value Days Destroyed (CVDD) is an on-chain metric that measures the total coin-days destroyed when dormant BTC moves, thus capturing the spending activity of long-term holders. Basically, a surge in CVDD indicates significant profit-taking by long-term holders, which is often an indicator of overheated market conditions. Meanwhile, reduced CVDD action marks accumulation phases.  Based on the chart presented by Martinez, prominent analytics firm CryptoQuant extrapolates Bitcoins current CVDD at $34,154 into multiple layers, each representing different aspects of the bull market.   Firstly, there is the Accessing Tops, i.e, the black line which extrapolates the CVDD into an upper band that the price has reached at the major tops, such as at $20,000 in 2017 and $69,000 and 2021. Presently, the Accessing Tops is around $120,000, suggesting this could be the next market peak of this bull run.  Another important layer in CryptoQuants extrapolation of the CVDD is the Accumulating Phase 2, the second-tier support band that has repeatedly underpinned price throughout 2025. It is presently positioned at $90,000, marking the first major support line for bulls.  With the present Bitcoin price at $103,242, Ali Martinez warns that preserving the price support at $90,000 is critical to maintaining Bitcoins bull structure and enabling a potential rise to $120,000. Related Reading: Ethereum Faces Resistance Against Bitcoin ETH/BTC Bullish Structure In Question Bitcoin Price Overview At the time of writing, Bitcoin trades at $103,573, reflecting a slight market gain of 0.09% in the past day. Meanwhile, the assets daily trading volume is down by 17.92%, indicating a fall in market participation.  Presently, the next resistance level stands at $105,000. However, Martinez has stated that major positive developments will only follow when a price close above $107,000 is achieved. Meanwhile, bullish sentiments remain high as illustrated by another impressive performance by the Bitcoin Spot ETFs, which registered a net inflow of $1.81 billion in the past week. With a market cap of $2.04 trillion, Bitcoin continues to remain the most valuable digital asset, holding about 62.8% of the crypto market. Featured image from Pexels, chart from Tradingview

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Is Bitcoin Headed For A Crash? Analysts Cite Possible Downtrend

Investors in the cryptocurrency space are eagerly awaiting the halving of Bitcoin in order to fuel future market growth. However, top cryptocurrency expert and trader Benjamin Cowen cautions that if the price of BTC follows a previous pattern, there may be a correction. Bitcoin Halving Could Impact Price Negatively Cowen has highlighted a trend that could potentially lead to a significant decline in the crypto asset’s price when the Bitcoin halving event commences, which suggests that BTC could be poised for a decline in the coming days. Related Reading: Bitcoin Final Dance: Analyst Eyes Final Peak Ahead Of Halving According to Cowen, should Bitcoin continue to follow the same trajectory as it entered the spot ETF during the halving, BTC may witness a trend toward the downside. The crypto expert advocates that these patterns typically do not repeat precisely. However, he believes putting the idea out there is crucial in case it happens again in a similar manner. In response, a pseudonymous user commented on Cowen’s post and reminded the expert that he forgot the arrow backup. Responding to the user, Cowen stated that he believes the outcome of the next phase will depend on whether or not ALT/BTC pairs have collapsed by then. Furthermore, he affirms there could be a move on the upside if they have not broken down. Meanwhile, in the event that they have broken down, the pattern can transit to something new. It is worth noting that the Bitcoin halving event is forecasted to take place within the next 11 days. Given Bitcoin’s halving previous significant impact on price, BTC could be positioned for a notable price surge in the coming days. However, if Cowen’s recent prediction manifests, it could paint a different picture for the crypto asset during the halving event. The expert’s prediction has sent quite a frenzy in the crypto community, with analysts like Peter Brandt supporting his insights. Peter Brandt acknowledged Cowen’s projections noting that previous Bitcoin bull markets have exhibited a similar fundamental trend. What To Expect During The Halving Event As the halving event approaches, the cryptocurrency data analytics platform Kaiko has laid out a perspective to watch out for. Kaiko’s perspective delves into the impact the halving has had on BTC’s price in the short term over the years. Related Reading: Crypto Expert Reveals What To Expect For Bitcoin, Dogecoin, And XRP In 12-16 Months According to the platform, in the past, the short-term price effect of Bitcoin halvings has been inconsistent. Nonetheless, historical data reveals that the coin tends to rise 9-12 months after halving, making it a generally bullish development. At the time of writing, Bitcoin’s price was up by 8% in the past 7 days, valued at $70,770. Its overall market cap is down by over 2%, however, while its trading volume is up by over 8% in the past day. Featured image from iStock, chart from Tradingview.com

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Major Bitcoin Developments Points To A Wilder Bull Cycle Than Anticipated

Lark Davis, a well-known cryptocurrency analyst and trader, has identified several significant developments in the Bitcoin ecosystem that could trigger an even more intense bull cycle than initially anticipated. Davis’s perspective delves into the revolutionary changes in the Bitcoin ecosystem, such as institutional and global acceptance, which hold the potential to accelerate the current bull market. According to the analyst, there is about to be a big shock to the Bitcoin supply. This is a result of miners now being able to produce just 450 BTC each day, due to the recently concluded Bitcoin Halving event, which cut down miners’ reward in half. Bitcoin Spot ETFs Poised To Catalyzed Prices Another key catalyst pointed out by Davis is the US Spot Bitcoin Exchange-Traded Funds (ETFs). Since the approval of the products by the United States Securities and Exchange Commission (SEC) on January 10, over 3,000 BTC have been purchased on a daily basis. Consequently, BTC witnessed a surge of nearly 60%, rising from around $46,000 to $73,000 after the SEC green light BTC spot ETFs. Related Reading: Samson Mow On Bitcoin Halving: Brace For Supply Shock, Omega Candle In Sight The latest country to approve the Spot Bitcoin ETFs is Hong Kong. Two weeks ago, the Securities and Futures Commission of Hong Kong granted approval for BTC Spot ETFs to multiple leading asset managers, thereby positioning the city as a primary hub for these products. Given the previous impact of the funds propelling BTC to a new all-time high, the approval of the products in HK could cause the asset to see another surge in value. Hong Kong’s move to approve the spot ETF products, which have already started trading today, has inspired other Asian countries, such as South Korea, Japan, and Singapore, to consider doing the same. On the other hand, the Australia Securities Exchange is already on the verge of accepting the funds within the year. As a result of these developments, institutions from all around the world are vying for a share of the Bitcoin market. This could trigger a much broader adoption of BTC, thereby impacting prices significantly. Davis highlighted that the availability of Bitcoin on all exchanges is presently at a record low, and the OTC desks are getting low. Due to this, the crypto expert believes this current bull cycle will be far crazier than predicted. BTC Prices Continue To Struggle Despite the funds clearance in Hong Kong, BTC has yet to witness major price movements, as it continues to struggle between $61,000 and $66,000. Given this, several analysts are anticipating a further price decline in the coming weeks. Related Reading: Bitcoin Price Prediction For May: Crypto Analyst Predicts Breakdown To $42,000 Bitcoin is currently trading at $61,322, indicating a decline of 1.60% in the last 24 hours. Its trading volume has increased by 41%, but its market cap is down by over 1% in the past day. Featured image from iStock, chart from Tradingview.com

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Bitcoin Enters Danger Zone Post-Halving, Analyst Warns Of Potential Downside

Following the halving event on April 19, the price of Bitcoin has displayed a puzzling performance. BTC initially gained nearly 10% to trade as high as $67,020 on April 24. However, in the last two days,  the digital assets price has declined by 6.49%, falling below the $63,000 price mark.  As expected, such negative performance has drawn attention from investors and market speculators. In particular, renowned analyst with X handle Rekt Capital has provided a theory on Bitcoins price fall and perhaps an insight into the future price movements of the crypto market leader. Related Reading: Timing The Breakout: When Will Bitcoin Escape The Post-Halving Consolidation? BTC Potential Price Decline Ahead? In an X post on April 26, Rekt Capital stated that Bitcoin has now entered the Post-Halving Danger Zone. The analyst described this phenomenon as a period during which Bitcoin has historically experienced price corrections after the halving event. Rekt Capital noted that in 2016, Bitcoin recorded these price retraces in the three weeks following the Halving event. During this time, the tokens price declined by 11%.  The analyst postulates that Bitcoin is now in the Post-Halving Danger Zone of the current bull cycle following its price fall over the last two days. It is worth stating that if Bitcoin mirrors past price movement in this phase, the token could be heading for $60,000. However, Rekt Capital states that if the crypto market leader experiences such a fate, it will be within the next two weeks.  At the time of writing, Bitcoin trades around $62,672 with a decline of 2.44% in the last day. This price fall underscores BTCs negative performance in the last month in which it has lost 11.16% of its market value.  BTC trades at $63,023 on the daily chart | Source: BTCUSD chart on Tradingview.com Related Reading: Forbes Unveils 20 Crypto Zombies, Declares Ripple And XRP Among The Undead Bitcoin ETFs Record Minor Inflow; Net Outflows Hit $217 Million According to data from SoSoValue, the Bitcoin Spot ETF market recorded net outflows to the tune of $217 million on April 25. Unsurprisingly, Grayscales GBTC accounted for $138 million of these figures as its total outflows now approach $17 billion. Notably, for the first time ever, Fidelitys FBTC and Valkyries BRRR  produced net outflows estimated at $22 million and $20 million, respectively. Meanwhile, ARK Invests ARKB and Bitwises BITB also experienced a loss in investment on Thursday. Interestingly, all other Bitcoin Spot ETFs recorded zero net flows except Franklin Temptons EZBC, which saw a net inflow of $1.87 million. At the time of writing, the BTC spot ETFs have a combined value of $128 billion, reflecting a remarkable growth since their trading debut on January 11. Featured image from The Economic Times, chart from Tradingview

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Bitcoin Sees Largest ETF Inflows Since January, Becomes 5th Largest Asset In The World

Bitcoin has spent the majority of the past 24 hours on a notable rally that saw it price peak at an intraday high of $94,320. This rally marks an interesting change from the tight consolidation range between $80,000 and $85,000 that had defined Bitcoins trajectory through much of April.  Behind this breakout lies a significant uptick in institutional activity through Spot Bitcoin ETFs, which recorded their highest daily inflows since January. Interestingly, this inflow surge has helped push Bitcoin into the top five largest assets globally, surpassing Alphabet, Silver, and Amazon in market capitalization. Spot Bitcoin ETFs Sees Largest Inflows Since January According to data from SoSoValue, US-based Spot Bitcoin ETFs raked in $936.43 million in net inflows on Tuesday, April 22 alone, marking their best single-day performance since January 17 when it registered $1.08 billion. Wednesday, April 23 also witnessed similar performance, registering inflows of $916.91 million. Related Reading: Bitcoin Price Crash: Crypto Analyst Reveals What Would Reject Current Bearish Hypothesis BlackRocks iShares Bitcoin Trust (IBIT) led the way with a staggering $643.16 million in inflows, followed closely by Ark & 21 Shares’ ARKB with $129.5 million. Furthermore, Spot Bitcoin ETFs are now on four days of consecutive inflows of $100 million or more. The last time such happened was in the last week of January. These inflows into Spot Bitcoin ETFs follow a weeks-long dry spell in ETF activity, which saw many traders question the sustainability of institutional interest. Nonetheless, the timing of these inflows couldnt be more impactful. Bitcoins price surged in tandem with recent ETF activity, showing the the strong effect these ETFs have come to have on the spot price of Bitcoin. BTC Surpasses Amazon And Google To Become Fifth Largest Asset Worldwide The ETF inflows lit the spark and the resulting market reaction pushed Bitcoins rise up the global rankings. According to data from CompaniesMarketCap, Bitcoins total market value climbed to over $1.87 trillion as it crossed over $94,000 for the first time in eight weeks. Related Reading: Crypto Analyst Warns Of Volume Drop That Could Trigger 60% Bitcoin Price Crash To $49,000 This interesting move allowed it to overtake both Google (Alphabet) and Amazon in market cap rankings, especially considering these stock prices have been on a notable decline in a 30-day timeframe. This development positions BTC not only as a leading cryptocurrency but also as a top-tier macroeconomic asset, competing on the global stage with traditional tech and commodity giants. As it stands, Bitcoin is now outperforming the NASDAQ 100, and analysts are pointing to signs of decoupling from traditional indices. Now that Bitcoin is trading above $90,000 again, the next focus is on where it goes from here. The bullish trajectory would be on the $100,000 price level, and whether BTC can break above this level before the end of April. That said, the $94,000 region is now shaping up to act as an early resistance band, and short-term profit-taking could cause pullbacks that might liquidate buy orders. Featured image from Pixabay, chart from Tradingview.com

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BTC, ETH Price Up as Hong Kong Approves Spot ETF Ahead of Bitcoin Halving

The newly approved ETFs from Bosera and Hashkey will allow investors to subscribe using bitcoin and ether directly.

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Bitcoin Peak Pre-Halving Doesnt Guarantee Further Gains: Analyst

With the fourth Bitcoin Halving just around the corner, Lady of Crypto, a market analyst and trader, has weighed in on claims concerning this bull cycle.  The crypto analyst shared her insights after analyzing the recent market decline and the impending Bitcoin halving this month. According to the expert, there have been speculations that since BTC broke its all-time high early, the cryptocurrency can continue seeing fresh gains.  Bullish Run Misconception: Bitcoin Can Hit Another ATH? Lady of Crypto has disregarded the claims that this bull cycle will begin early, saying she believed the community was “lied to and suggesting widespread misinformation” and dismissing the current gains as the signs of a widespread bull run. Related Reading: Will The Halving Send Bitcoin Price To $100,000? Analytics Platform Reveals What You Should Expect As The Halving approaches, the analyst noted that Bitcoin and Altcoins are severely down, but this is not the time to panic. Drawing attention to the 2016 and 2020 pre-halving dips, she highlights that BTC plummeted by 30% and 20% shortly before the event. Meanwhile, during this pre-halving period, BTC has dropped by over 17%, with altcoins falling by 29%. Although the current decline was severe, Lady of Crypto notes that it is in the range of a typical pre-halving dip and a black swan event. She compares the COVID meltdown, in which BTC fell by 58% and altcoins by 68%, suggesting that the current decline pales in significance. Lady of Crypto clarified that Bitcoin Spot Exchange-Traded Funds (ETFs) have been a major factor in BTC breaking its peak early, highlighting that the masses have not yet arrived.  The expert then points to social media presence, revealing that the masses are returning to the crypto market. “YouTube views and subscribers show interest in returning gradually, in line with this time last cycle, as do new Twitter followers,” she added. This Bull Cycle Is Mirroring Past Halving Except for BTC’s early all-time high break, Lady of Crypto believes this bull run is unfolding similarly to the last two, albeit with more volatility. However, the volatility suggests this will be the biggest bull market ever.  Related Reading: Bitcoin Bonanza Before The Halving? Analyst Sees Pre-Crash Buying Window She advises underexposed investors that the dips are the best chance to purchase BTC during a bull run. Meanwhile, if an investor is overexposed, holding the crypto asset has historically been the best course of action, drawing attention to 2020 and 2021 dips. Addressing fear and panic among investors, Lady of Crypto cautioned that multiple situations might trigger a panic sell during every bull run. Even though these events appear terrible, like the bull run coming to an end, they are just sideshows. Featured image from Istock, chart from Tradingview.com

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Bitcoin To $240,000: Analyst Cites Key Narrative As Catalyst

Bitcoin price has fallen by over 10% after briefly touching its all-time high of $69,000, propelled by investors’ flood of money into BTC Spot Exchange-Traded Funds (ETFs). However, intense volatility surrounding the crypto asset’s price has triggered a rebound to the $68,000 mark, which highlights the return of positive enthusiasm, prompting predictions of a significant rally to an unprecedented height. Key Narrative That Could Send Bitcoin To $240,000 Cryptocurrency analyst and trader Matthew Hyland has shared an optimistic forecast for Bitcoin with the community on the social media platform X. The analyst has identified a key trend that could trigger a bullish rally for BTC to the $240,000 threshold. Related Reading: Crypto Analyst Uses Historical Data To Show When The Bitcoin Price Will Reach $207,000 At first, Hyland noted that over the past two years, Bitcoin has “destroyed several narratives, both positive and negative.” These include one of the ideas that BTC will “never fall below the previous cycle low or reach its peak until after the halving event.” However, Hyland claims that the only narrative left that BTC has not destroyed is the “Diminishing Returns,” as it is still almost 100% effective. Hyland is uncertain of the narrative’s effect but believes that it is the “final boss” since it is the only one still standing. As a result of the trend, the crypto expert has set his price target at $240,000 in the upcoming months. This simply means BTC needs to surpass the aforementioned price in order to be able to demolish the diminishing returns narrative. Hyland claims it makes no difference to him if Bitcoin “reaches the level or not.” Nonetheless, it will be “intriguing” to observe whether it can smash the one trend that remains intact. Another expert known as Crypto Signals seems to agree with Hyland, expressing his pleasure in the analysis. According to Crypto Signals, in the context of Bitcoin, “the idea of diminishing returns is a fascinating one.” Crypto Signals claims that every cycle tends to “produce a declining percentage gain as the market matures.” Due to this, there is a more profound development and broader adoption in the market. Thus, in the constantly changing world of cryptocurrencies, the narrative is worth looking into. Strategic Timeframe For BTC Pre-Halving Rally Rekt Capital, a well-known crypto expert, has pinpointed a timeframe for when and where the Bitcoin Pre-Halving rally will end. According to Rekt Capital, the “pre-halving rally is gradually approaching its end.” Related Reading: Bitcoin Halving Prep: Analyst Outlines Key Points Ahead Of Event Drawing a comparison to 2020’s pre-halving rise, the analyst stated that it occurred two weeks before the event. After that, BTC witnessed a “pre-halving retrace” of about 20%, which was the last it saw before the halving. He further drew a comparison to 2016’s pre-halving surge, which he noted took place “28 days prior to the halving.” Nevertheless, it also experienced “a conservative correction” of over 29% after the rally topped. Rekt Capital has marked the point as the “historic danger zone” that could potentially conclude the pre-halving rally this year, before witnessing a pullback ahead of the event. Featured image from iStock, chart from Tradingview.com

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Bitcoin Spot ETFs See $197 Million Net Inflows As Q1 Closes Details

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

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