US Spot Bitcoin ETFs See Largest Inflows Since January as BTC Reached $94,000
- BTC rally linked to renewed institutional interest shown via strong US spot Bitcoin ETF inflows
- Trump’s support for Fed Chair Powell & softer China trade tone cited as boosts
- ETH, SOL, XRP also posted gains; analysts eye potential new BTC ATH test
A few hours ago, Bitcoin reached $94k, its highest level in nearly two months. This rally is accompanied by big inflows into US spot Bitcoin exchange-traded funds (ETFs), as it seems there’s a renewed institutional interest in the cryptocurrency market.
On Monday, US-listed Bitcoin ETFs recorded net inflows of $381.3 million, the largest single-day inflow since late January. The ARK 21Shares Bitcoin ETF (ARKB) led with $116.1 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $87.6 million, and Grayscale’s funds collectively attracting $69.1 million.
Policy Signals Seen Fueling Confidence
All of this is likely due to the recent political developments. Namely, Donald Trump’s decision to retain Jerome Powell as Federal Reserve Chair has alleviated some economic uncertainties, particularly the crypto industry, and especially since Trump wanted Powell gone and threatened to fire him.
T…
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US Spot Bitcoin ETFs See Largest Inflows Since January as BTC Reached $94,000
- BTC rally linked to renewed institutional interest shown via strong US spot Bitcoin ETF inflows
- Trump’s support for Fed Chair Powell & softer China trade tone cited as boosts
- ETH, SOL, XRP also posted gains; analysts eye potential new BTC ATH test
A few hours ago, Bitcoin reached $94k, its highest level in nearly two months. This rally is accompanied by big inflows into US spot Bitcoin exchange-traded funds (ETFs), as it seems there’s a renewed institutional interest in the cryptocurrency market.
On Monday, US-listed Bitcoin ETFs recorded net inflows of $381.3 million, the largest single-day inflow since late January. The ARK 21Shares Bitcoin ETF (ARKB) led with $116.1 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $87.6 million, and Grayscale’s funds collectively attracting $69.1 million.
Policy Signals Seen Fueling Confidence
All of this is likely due to the recent political developments. Namely, Donald Trump’s decision to retain Jerome Powell as Federal Reserve Chair has alleviated some economic uncertainties, particularly the crypto industry, and especially since Trump wanted Powell gone and threatened to fire him.
T…
The post US Spot Bitcoin ETFs See Largest Inflows Since January as BTC Reached $94,000 appeared first on Coin Edition.
Read More
Here Are Binance’s New Rules for Listing Tokens on Spot, Futures, and Alpha