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MainNewsBitcoin ETFs...

Bitcoin ETFs See Fifth Straight Day of Gains with $442M Inflows — Is $100K BTC Next?


by Amin Ayan
for Cryptonews
Bitcoin ETFs See Fifth Straight Day of Gains with $442M Inflows — Is $100K BTC Next?

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $442 million in inflows on Thursday, marking the fifth consecutive day of positive momentum for the crypto investment vehicles.

BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, attracting $327.3 million, according to data from SoSoValue.

Ark Invest and 21Shares’ ARKB followed with $97 million in net inflows, while Bitwise’s BITB and Invesco’s BTCO saw $10.2 million and $7.5 million, respectively.

Bitcoin ETF Inflows Slow but Signal Rising Institutional Confidence

Although Thursday’s inflows were smaller compared to the $916.9 million and $936.4 million recorded on Wednesday and Tuesday, the consistent streak reflects growing institutional confidence in Bitcoin amid volatile macroeconomic conditions.

Total trading volume across the 12 U.S.-listed Bitcoin ETFs dipped to $2 billion on Thursday, down from $4 billion the previous day.

The surge in ETF inflows comes as Bitcoin continues to hold firm despite global market uncertainty tied to U.S.-China trade tensions.

On Thursday, major U.S. stock indexes rallied, with the Nasdaq climbing 2.7%, the S&P 500 up 2%, and the Dow gaining 1.2%, as investors reacted to signs of easing tariff disputes.

Bitcoin is trading at $93,687 at press time, posting a 1.17% gain over the past 24 hours, according to data from CoinMarketCap. Ether also edged higher, rising 0.43% to $1,778.

Meanwhile, spot Ether ETFs rebounded with $63.5 million in net inflows on Thursday after experiencing $23.9 million in outflows the previous day.

Calls for $100K Bitcoin Increases

Bitcoin’s surge above $94,000 has sparked renewed enthusiasm among retail traders.

On-chain analytics firm Santiment highlighted a spike in fear of missing out (FOMO) among smaller investors, a behavior often seen near local market tops.

While Santiment acknowledged that Bitcoin could reach $100K soon, they cautioned that such milestones typically occur after market hype subsides.

As reported, Prince Filip Karađorđević of Serbia also believes Bitcoin is on the verge of a massive price surge, predicting an imminent “omega candle” rally that could push BTC well beyond $100,000.

In a recent interview, Prince Filip suggested that while certain market forces may currently be suppressing Bitcoin’s price, a breakout is inevitable.

Notably, as of April 23, 87.3% of Bitcoin’s circulating supply is in profit, up from 82.7% when BTC last approached $94,000 in March, according to Glassnode.

This rise suggests renewed accumulation during the recent market dip.

Historically, when over 90% of Bitcoin supply stays in profit, markets often shift into a euphoric phase.

With bullish sentiment growing and technical indicators aligning, Bitcoin is positioned for a potential push toward $100,000.

The post Bitcoin ETFs See Fifth Straight Day of Gains with $442M Inflows — Is $100K BTC Next? appeared first on Cryptonews.

Read the article at Cryptonews

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

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 pr...
MainNewsBitcoin ETFs...

Bitcoin ETFs See Fifth Straight Day of Gains with $442M Inflows — Is $100K BTC Next?


by Amin Ayan
for Cryptonews
Bitcoin ETFs See Fifth Straight Day of Gains with $442M Inflows — Is $100K BTC Next?

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $442 million in inflows on Thursday, marking the fifth consecutive day of positive momentum for the crypto investment vehicles.

BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, attracting $327.3 million, according to data from SoSoValue.

Ark Invest and 21Shares’ ARKB followed with $97 million in net inflows, while Bitwise’s BITB and Invesco’s BTCO saw $10.2 million and $7.5 million, respectively.

Bitcoin ETF Inflows Slow but Signal Rising Institutional Confidence

Although Thursday’s inflows were smaller compared to the $916.9 million and $936.4 million recorded on Wednesday and Tuesday, the consistent streak reflects growing institutional confidence in Bitcoin amid volatile macroeconomic conditions.

Total trading volume across the 12 U.S.-listed Bitcoin ETFs dipped to $2 billion on Thursday, down from $4 billion the previous day.

The surge in ETF inflows comes as Bitcoin continues to hold firm despite global market uncertainty tied to U.S.-China trade tensions.

On Thursday, major U.S. stock indexes rallied, with the Nasdaq climbing 2.7%, the S&P 500 up 2%, and the Dow gaining 1.2%, as investors reacted to signs of easing tariff disputes.

Bitcoin is trading at $93,687 at press time, posting a 1.17% gain over the past 24 hours, according to data from CoinMarketCap. Ether also edged higher, rising 0.43% to $1,778.

Meanwhile, spot Ether ETFs rebounded with $63.5 million in net inflows on Thursday after experiencing $23.9 million in outflows the previous day.

Calls for $100K Bitcoin Increases

Bitcoin’s surge above $94,000 has sparked renewed enthusiasm among retail traders.

On-chain analytics firm Santiment highlighted a spike in fear of missing out (FOMO) among smaller investors, a behavior often seen near local market tops.

While Santiment acknowledged that Bitcoin could reach $100K soon, they cautioned that such milestones typically occur after market hype subsides.

As reported, Prince Filip Karađorđević of Serbia also believes Bitcoin is on the verge of a massive price surge, predicting an imminent “omega candle” rally that could push BTC well beyond $100,000.

In a recent interview, Prince Filip suggested that while certain market forces may currently be suppressing Bitcoin’s price, a breakout is inevitable.

Notably, as of April 23, 87.3% of Bitcoin’s circulating supply is in profit, up from 82.7% when BTC last approached $94,000 in March, according to Glassnode.

This rise suggests renewed accumulation during the recent market dip.

Historically, when over 90% of Bitcoin supply stays in profit, markets often shift into a euphoric phase.

With bullish sentiment growing and technical indicators aligning, Bitcoin is positioned for a potential push toward $100,000.

The post Bitcoin ETFs See Fifth Straight Day of Gains with $442M Inflows — Is $100K BTC Next? appeared first on Cryptonews.

Read the article at Cryptonews

Read More

US Senator McCormick is Bitcoin’s Biggest Investor in Congress

US Senator McCormick is Bitcoin’s Biggest Investor in Congress

Pennsylvania Republican Senator Dave McCormick has made repeated investments in Bitwi...
Bitcoin Sees Largest ETF Inflows Since January, Becomes 5th Largest Asset In The World

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 pr...