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  • Bitcoin (BTC) battles macro headwinds despite improved ETF inflows

    Bitcoin (BTC) battles macro headwinds despite improved ETF inflows

    Bitcoin (BTC) battles macro headwinds

    • Bitcoin price remains range-bound amid long-term holder selling and falling demand.
    • US Bitcoin ETFs inflows signal cautious institutional optimism.
    • Macro uncertainty from the Fed and government shutdown keeps BTC under pressure.

    Bitcoin (BTC) continues to navigate turbulent market conditions as macroeconomic uncertainty and institutional dynamics shape its near-term trajectory.

    Despite renewed interest from investors and a notable surge in Bitcoin ETFs, the world’s largest cryptocurrency faces persistent pressure from long-term holder selling, cautious institutional sentiment, and a complex macro backdrop influenced by the Federal Reserve and ongoing government shutdown developments.

    Analysts and strategists are watching closely as BTC balances between cyclical signals and broader market realities in November.

    Bitcoin price struggles amid range-bound trading

    Bitcoin price has remained largely trapped between $106,000 and $116,000 over the past two weeks, signalling a period of consolidation rather than upward momentum.

    Long-term holders have accelerated their monthly distribution to roughly 104,000 BTC, marking one of the heaviest selling waves since mid-July, according to the recent Bitfinex report.

    This persistent supply pressure is coinciding with muted institutional demand following October’s sharp liquidation event, leaving BTC caught in a sideways range with limited short-term catalysts.

    Analysts warn that unless ETF inflows or new spot demand increase, the cryptocurrency could test support near $106,000, and a sustained breach of this level might open the path to $100,000.

    ETF inflows signal cautious optimism

    Despite these headwinds, Bitcoin ETFs have shown signs of recovery, injecting optimism into the market.

    On November 11, US spot Bitcoin ETFs recorded $524 million in cumulative net inflows.

    US Bitcoin ETFs inflows
    Total Bitcoin Spot ETF Net Inflow (USD) | Source: Coinglass

    This return of demand, alongside smart money traders adding net long positions totalling over $8.5 million, highlights a growing, albeit measured, confidence among institutional participants.

    Analysts have noted that sustained ETF inflows may signal an end to the broader de-risking phase observed after the market downturn, even as retail participation remains subdued.

    Macro factors keep BTC on edge

    Despite increased ETF inflows, macro conditions continue to weigh heavily on Bitcoin (BTC).

    The Federal Reserve’s recent 25-basis-point rate cut and the formal end of its balance sheet runoff are tempered by internal division over the next steps, with some officials citing risks from persistent inflation and others warning of slowing labour markets.

    Meanwhile, the Secured Overnight Financing Rate recently plunged to 3.92%, which financial analyst Shanaka Anslem described as indicative of market panic.

    These developments, combined with falling consumer confidence and cooling wage growth, have created uncertainty around near-term capital flows and investor appetite for risk assets like Bitcoin.

    The ongoing government shutdown adds another layer of complexity.

    While the Senate moves toward a potential resolution, analysts note that the relief may boost equities more than cryptocurrencies, as capital appears to rotate toward traditional financial markets while liquidity waits on the sidelines for normal economic data to resume.

    These dynamics have contributed to continued downside pressure on BTC, even as technical and ETF-related signals point to potential stabilisation.

    Bitcoin price outlook for November

    Looking ahead, November may not deliver the historic rallies often seen in the penultimate month of the year, as Bitcoin (BTC) remains caught between conflicting forces.

    While ETF inflows and smart money activity provide a foundation for renewed optimism, ongoing distribution by long-term holders, macro uncertainty, and cautious institutional behaviour continue to weigh on the Bitcoin price.

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  • Sui price consolidates above $3.50 as inflows tick up

    Sui price consolidates above $3.50 as inflows tick up

    Sui Token

    • Sui recorded approximately $3.5 million in net inflows last week.
    • Investors have injected over $138 million into Sui-related digital asset products.
    • Bulls could ride institutional demand and overall market tailwinds to target a new all-time high.

    Sui (SUI) price is showing signs of a potential breakout as bulls stabilise above the $3.50 threshold.

    Increased capital inflows, signalling renewed institutional interest, add to the overall bullish picture for SUI.

    Sui holds a key level amid $3.5 million in capital inflows

    The crypto market’s sharp bounce in the past week has Sui price poised above $3.50 and eyeing an upward continuation.

    Meanwhile, the Sui ecosystem has recorded a modest yet encouraging uptick in investment activity.

    According to CoinShares, approximately $3.5 million in net inflows poured into SUI-linked funds and products over the past seven days.

    This comes as demand for institutional-grade exchange-traded products (ETPs) and venture-backed staking pools surges sharply.

    Investors looking to position with Sui have injected over $138 million into related digital asset products and funds, with assets under management rising to $348 million.

    While Bitcoin and Ethereum dominate with billions of dollars in weekly inflows, the overall bullish sentiment is helping smaller coins.

    A lot of this is down to treasury strategy moves and exchange-traded funds anticipation, while macro tailwinds strengthen the push for more gains in the fourth quarter.

    The $3.5 million inflows point to Sui’s appeal among institutional investors.

    SUI price: is a new all-time high next?

    SUI’s price action has entered a textbook consolidation phase.

    Over the past weeks, the token has traded between $3.52 and $3.65, with a market capitalisation hovering around $13.1 billion and daily volume near the $1 billion mark.

    As per CoinMarketCap data, this metric stood at around $997 million at the time of writing on Monday.

    The altcoin’s stability comes after a 13% rally in the past week that has bulls retesting a key resistance zone.

    Notably, technical indicators paint a bullish picture, with the relative strength index (RSI) sitting at 56, neutral yet trending upward.

    Bids are also concentrated near the middle line of the Bollinger Bands, having seen a significant bounce off the support line.

    Sui Price
    Sui price chart by TradingView

    Bullish catalysts for Sui include accelerating network growth and a supportive broader crypto market outlook.

    Analysts expect substantial upside for Bitcoin, with some projecting a move toward $126,000.

    Such an advance could trigger a broader sector rally, fueled by capital rotation and renewed risk appetite.

    “Traders short October calls are rolling higher toward 126k–128k as $BTC keeps grinding up,” said analysts at QCP Group.

    “The move shows conviction in sustained upside into month-end, with the market leaning on supportive macro stories and seasonal strength.”

    A confluence of factors, including sustained inflows and strong technical momentum, could position SUI to retest its all-time high above $5.35, last seen in January.

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  • Bitcoin price surges to $1,15,660 as ETF inflows and Fed policy shift align

    Bitcoin price surges to $1,15,660 as ETF inflows and Fed policy shift align

    Bitcoin price surges to $1,15,660 as ETF inflows and Fed policy shift align

    • Bitcoin has surged back above $115,660 amid a powerful rally.
    • The move is fueled by a massive $757 million net ETF inflow in one day.
    • Traders are now pricing in a 92 percent chance of a Fed rate cut next week.

    The slumbering giant has awakened. Bitcoin has roared back to life, surging past the critical $115,660 level in a powerful display of force, fueled by a perfect storm of renewed institutional hunger and a macroeconomic landscape that is increasingly tilting in its favor.

    The move marks a decisive break from the summer’s stagnation, with a torrent of capital now flooding into the asset as the market braces for a pivotal policy shift from the Federal Reserve.

    The institutional stampede

    The clearest and most powerful catalyst for the rally is the dramatic return of institutional buyers. On September 10, US spot Bitcoin ETFs recorded a staggering $757 million in net inflows, the single strongest daily intake in eight weeks.

    This brings the total for September to an impressive $1.39 billion, a clear sign that the voracious appetite that drove the market to all-time highs is back.

    This institutional stampede was broad-based, with all twelve US spot Bitcoin ETFs recording inflows.

    The charge was led by Fidelity’s FBTC, which absorbed over $156 million, and Ark’s ARKB, which took in $84 million. The renewed conviction was also visible in the futures market, where open interest rose a formidable 6.6 percent to $43.3 billion.

    The shifting sands of the macro landscape

    This flood of institutional capital is being met with an increasingly favorable macroeconomic tide. A volley of conflicting but ultimately dovish economic data has all but cemented the case for a Federal Reserve interest rate cut next week.

    While the Consumer Price Index (CPI) came in slightly hot, it was completely overshadowed by an unexpected drop in the Producer Price Index (PPI) and a spike in initial jobless claims to their highest level since October 2021.

    This combination of cooling wholesale inflation and rising labor market stress has traders now assigning a commanding 92 percent probability to a quarter-point Fed cut next week, according to the CME FedWatch tool.

    A glimpse of the supercycle?

    While the short-term picture is being driven by flows and Fed hopes, a far more dramatic story is being sketched out on the long-term charts.

    From a structural standpoint, Bitcoin’s weekly chart is displaying two powerful inverse head-and-shoulders patterns, formations that have technical analysts buzzing about the dawn of a new supercycle.

    The smaller pattern, confirmed after July’s breakout, projects a target near $170,000. A much broader formation, which dates back to 2021, remains active and points to an almost unbelievable long-term target of $360,000.

    While these are just technical projections, they are adding a powerful layer of long-term bullish conviction to the short-term speculative fervor.

    The great rotation

    The rally’s strength is further amplified by a clear and significant rotation of capital within the crypto ecosystem itself.

    While Bitcoin ETFs are flourishing, their Ethereum counterparts are bleeding. ETH-focused ETFs have seen $668 million in outflows in September, a stark divergence that underscores a clear market preference for Bitcoin in a macro-driven environment.

    While other large-cap tokens are mixed, the message from the institutional world is clear: in this new chapter of the bull market, the king is reclaiming his throne.

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  • Bitcoin and Ethereum ETFs record $3.6B inflows this week

    Bitcoin and Ethereum ETFs record $3.6B inflows this week

    Bitcoin and Ethereum

    • Bitcoin ETFs saw $2.7 billion in weekly inflows, pushing BTC to an all-time high near $119,000.
    • Ethereum ETFs added $908 million, helping ETH climb 17% to a multi-month peak above $3,000.
    • BlackRock’s IBIT and ETHA dominated fund inflows, reflecting strong institutional demand for crypto exposure.

    Investor appetite for cryptocurrency exposure through exchange-traded funds (ETFs) reached a new high last week, with Bitcoin ETFs alone drawing in more than $2.7 billion in net inflows over five trading days.

    The surge in capital marked one of the strongest weekly performances for these financial vehicles, reflecting growing institutional demand on Wall Street.

    According to data from FarSide Investors, the standout activity occurred on Thursday and Friday.

    Thursday saw the second-largest daily inflow in the 18-month history of US-listed Bitcoin ETFs, totaling $1.18 billion.

    The inflows were spread across major funds: BlackRock’s IBIT received $448.5 million, Fidelity’s FBTC took in $324.3 million, and ARK Invest’s ARKB attracted $268.7 million.

    On Friday, the momentum continued with another $1.03 billion in inflows.

    BlackRock’s IBIT led decisively, drawing $953.5 million—far ahead of ARKB, which was second with just $23.5 million.

    Earlier in the week, inflows remained positive each day: $216.5 million on Monday, $80.1 million on Tuesday, and $215.7 million on Wednesday.

    The total net inflow for the week amounted to $2.72 billion, further highlighting the accelerating pace of institutional crypto adoption.

    Notably, the funds have seen only one day of net outflows (July 1) since June 9.

    Ethereum ETFs see record weekly gains

    Ethereum-based ETFs also recorded significant inflows last week, benefiting from increasing investor confidence ahead of their one-year anniversary.

    The funds brought in $908.1 million in net inflows for the week, according to FarSide data.

    Thursday was a standout day, setting a record for Ethereum ETFs with $383.1 million in inflows.

    BlackRock’s ETHA led the way, accounting for over $300 million of that figure.

    On Friday, ETHA continued to dominate, capturing $137.1 million of the total $204.9 million inflow.

    Wednesday added $211.3 million, while Monday and Tuesday contributed $62.1 million and $46.7 million, respectively.

    This sustained inflow into Ethereum funds helped propel ETH’s price higher.

    Starting the week around $2,500, Ethereum climbed past $3,000 on Friday. Although it has since pulled back slightly below $3,000, the asset remains up more than 17% for the week.

    Crypto prices react to institutional momentum

    The robust ETF inflows had a direct impact on the underlying asset prices.

    Bitcoin surged by more than $10,000 during the week, reaching an all-time high of nearly $119,000 on Friday.

    Ethereum similarly saw its best performance in months, fueled by increased capital inflows and renewed optimism among investors.

    In total, both Bitcoin and Ethereum ETFs drew more than $3.6 billion in capital last week, underscoring the expanding role of crypto assets in mainstream investment portfolios.

    With consistent inflows and new highs in asset prices, institutional interest in cryptocurrencies appears far from waning.
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  • BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

    BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

    BTC trades stably near $105.5K; institutional ETF inflows reached $2.2B last week

    Bitcoin (BTC) is trading steadily above the $105,500 mark as the Asian trading day gets underway on Wednesday.

    This comes after a slight correction from the $107,000 level it held during US business hours.

    Despite the significant geopolitical upheaval of the past few weeks, including a US strike on Iran that surprised both geopolitical experts and prediction market bettors, Bitcoin has once again demonstrated its resilience as a store of value.

    CoinDesk market data shows that the asset class has remained remarkably stable over the last month, up a modest 1%.

    A disciplined climb: HODLers stand firm

    However, this return to a price point that is within striking distance of Bitcoin’s all-time high of nearly $111,000 (hit in May) feels different this time, according to market observers.

    It’s characterized by a sense of discipline rather than the euphoria that often accompanies bull runs.

    Unlike the breakout above $100,000 in December 2024, which triggered a significant wave of profit-taking, long-term investors now appear content to sit on their unrealized gains.

    This observation is supported by analysis from Glassnode in their weekly note.

    “HODLing appears to be the dominant market mechanic,” the Glassnode analysts wrote.

    They pointed to a surge in the supply held by long-term holders, which has now reached 14.7 million BTC, coupled with historically low levels of realized profits.

    This on-chain activity strongly indicates a limited desire to sell, even as Bitcoin trades just below its record highs.

    Further reinforcing this narrative of restraint, metrics such as the adjusted Spent Output Profit Ratio (aSOPR) are hovering just above the breakeven point, according to Glassnode.

    This suggests that the coins currently being spent are, for the most part, recent acquisitions involved in tactical trades rather than representing a broad distribution or sell-off by long-term holders.

    Meanwhile, Glassnode data also shows that the “Liveliness” metric continues to decline, a clear sign that older, long-held coins remain dormant in their wallets.

    The institutional undercurrent: steady demand meets rising leverage

    This patience from seasoned investors is being met with persistent institutional demand.

    In its daily markets update, trading firm QCP highlighted this trend, noting that market data indicates a substantial $2.2 billion in net inflows into spot Bitcoin ETFs just last week.

    QCP described the overall tone of these flows as “constructive” and pointed out that dedicated crypto treasury companies such as Strategy and Metaplanet continue to accumulate Bitcoin.

    These steady institutional inflows are quietly but fundamentally reshaping the market’s structure.

    Bitcoin’s realized cap—a metric that measures the price at which coins last moved on-chain—has grown to an impressive $955 billion.

    This growth is widely seen as a sign that real, committed capital, not just fleeting speculation, is flowing into the asset.

    A fragile equilibrium: the standoff in the market

    However, not everything is calm beneath the surface. QCP’s report also noted that leveraged long positions have been on the rise, with funding rates turning positive across major perpetual futures markets.

    This indicates that short-term traders are increasingly using leverage to bet on further price increases.

    Glassnode, in its analysis, warns that this situation may not be sustainable indefinitely. “The market may need to move higher, or lower, to unlock additional supply,” the firm wrote, suggesting that the current equilibrium between the unwavering conviction of long-term holders and the increasing leverage of short-term traders won’t hold forever.

    Even major political news, such as the US Senate’s approval of the White House’s “Big Beautiful Bill,” has failed to produce a significant price reaction from Bitcoin.

    This has led to a market that feels less like a stampeding bull run and more like a tense standoff. On one side are the long-term holders who are refusing to sell, and on the other are the short-term traders piling into leveraged positions.

    This fragile equilibrium has market observers on the edge of their seats, wondering where the next major catalyst will come from and whether it will make Bitcoin’s next move an explosive one.
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  • Crypto recorded $1.3B in investment product inflows this past week

    Crypto recorded $1.3B in investment product inflows this past week

    Bitcoin (BTC) price breaks above $62K as crypto market awakens after Fed rate cut
    • Crypto investment products registered $1.3 billion in inflows last week
    • Ethereum outpaced Bitcoin with $793 million compared to $407 million

    Digital asset investment products notched $1.3 billion in inflows in the past week.

    It’s the fifth consecutive week of positive net flows for crypto exchange-traded products despite recent price declines. According to latest weekly flows report from digital asset manager CoinShares, the scenario outlines strong interest in buying amid market weakness.

    Ethereum outpaces Bitcoin in weekly net inflows

    Per a Coinshares report on February 10, the net inflows is almost double from the $747.4 million recorded the week before. The increase comes despite US President Donald Trump’s tariff impositions that saw prices dip amid investor reaction.

    Bitcoin and Ethereum dominated the inflows. However, the latter outpaced the former this week, registering $793 million inflows compared to Bitcoin’s $407 million.

    Overall, Bitcoin ETPs represent 7.1% of total market capitalization, making digital asset investment products the largest holder compared to other investments.

    “Digital asset investment products saw inflows for the 5th consecutive week totalling US$1.3bn. Bitcoin’s BTC saw inflows of US$407m, with ETPs globally now representing 7.1% of the current market capitalisation. It was Ethereum who stole the show this week, with the price falling recently close to US$2,100 leading to significant buying-on-weakness, with inflows of US$793m,” CoinShares posted on X.

    Investors see decline as a buying opportunity particularly after the rise in investment interest followed Ethereum’s price dip.

    In the meantime, XRP and Solana secured third and fourth positions respectively with $21 million and $11million. Meanwhile, $1 billion in overall net inflows by the US was the highest regionally, followed by Germany, Switzerland, and Canada with $61 million, $54 million, and $37 million, respectively.

    Bitcoin’s price has struggled with downside pressure below $100k in recent weeks. ETH has also experienced a tough month or so, with prices helmed below $3,000 and hitting lows of $2,100 at one time.

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  • Ethereum ETFs inflows surge as Bitcoin ETFs see major outflows

    Ethereum ETFs inflows surge as Bitcoin ETFs see major outflows

    Ethereum ETFs inflows surge while Bitcoin ETFs see major outflows
    • Ethereum ETFs inflows are outdoing Bitcoin ETF inflows.
    • BlackRock’s iShares Ethereum Trust (ETHA) ETF leads with a $89.51M inflow on Dec 23, 2024.
    • This Market shift may signal an altcoin season in 2025.

    In a surprising turn of events in the cryptocurrency market, Ethereum spot ETFs have been experiencing significant inflows, overshadowing the outflows noted in Bitcoin ETFs.

    On December 23, 2024, Ethereum ETFs recorded a net inflow of $130.8 million, with BlackRock’s iShares Ethereum Trust (ETHA) ETF leading with $89.50 million and Fidelity’s Ethereum ETF (FETH) adding $46.40 million according to Coinglass data. In stark contrast, Bitcoin ETFs saw outflows totalling $226.50 million on the same day.

    This trend has been consistent over recent weeks. For instance, on December 12, Ethereum spot ETFs had a cumulative net inflow of $273.70 million, continuing their streak of 14 consecutive days with positive inflows. BlackRock’s ETHA ETF alone saw a single-day net inflow of $202.30 million, while Grayscale’s Ethereum ETF (ETH) contributed $73.20 million.

    Ethereum ETFs inflows
    Source: Coinglass
    Bitcoin ETFs inflows
    Source: Coinglass

    The shift signals a possible start of an altcoin season

    Bitcoin ETFs, despite having higher trading volumes, have been facing outflows, suggesting a possible shift in investor sentiment towards Ethereum.

    Market analysts speculate that this could signal the onset of an ‘altcoin season’, where investors might be diversifying their portfolios beyond Bitcoin, with ETH leading the pack.

    This shift in investment flow is particularly notable as it comes at a time when Bitcoin has been dominating headlines with its price performance, reaching over $108,000 earlier in December.

    The underlying reasons for this trend might include Ethereum’s growing ecosystem, particularly in decentralized finance (DeFi) and non-fungible tokens (NFTs), which could be attracting investors looking for dynamic growth opportunities.

    Additionally, the regulatory environment under the incoming administration might be perceived as more favourable for Ethereum, given its broader use-case applications beyond just being a store of value like Bitcoin.

    This development raises questions about the future direction of crypto investments. While Bitcoin has long been the bellwether of the crypto market, Ethereum’s recent performance in the ETF space might hint at a rebalancing of investor interest, potentially leading to more balanced growth across different cryptocurrencies in 2025.

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  • US spot Bitcoin ETFs hit $30 billion in combined net inflows since January launch

    US spot Bitcoin ETFs hit $30 billion in combined net inflows since January launch

    • BlackRock’s IBIT attracted the most at over $600 million followed by Fidelity’s FBTC with $301 million
    • The 12 spot Bitcoin ETFs have brought in a combined $30.35 billion since launching in January

    US spot Bitcoin exchange-traded funds (ETFs) took in $1 billion in daily total net inflows yesterday as Bitcoin inched closer to the $100k mark.

    BlackRock’s iShares Bitcoin Trust (IBIT) saw the most inflows, attracting $608.41 million, according to SoSoValue data. Fidelity’s FBTC followed with $300.95 million. Bitwise’s Bitcoin ETF brought in $68 million and Ark and 21Shares’ ARKB attracted $17.18 million.

    Grayscale’s GBTC was the only one with negative net flows, recording $7.8 million outflows.

    The 12 spot Bitcoin ETFs have earned a combined $30.35 billion since launching in January following approval from the US Securities and Commission (SEC).

    US Spot Bitcoin value. Source: SoSoValue

    Elevated trade among the spot Bitcoin ETFs followed as Bitcoin climbed to the $100k mark on November 22, continuing its bull run.

    The inflows also come after BlackRock launched its options contracts earlier this week. During trading on day one, BlackRock’s options brought in nearly $2 billion, helping to push Bitcoin to more than $94,000.

    Grayscale announced this week that it was also launching Bitcoin ETF options following BlackRock’s impressive debut and a surge in investor interest.

    As trade continues through spot Bitcoin ETFs, it’s becoming clear that these avenues are one of the main ways for investors to hold Bitcoin. According to Bloomberg analyst Eric Balchunas, US Bitcoin ETFs hit $100 billion in assets, adding on X:

    “They’re now 97% of [the] way to passing Satoshi as [the] biggest holder and 82% of [the] way to passing gold ETFs.”

    Elsewhere, in the market, Ethereum is up by more than 7% over the past week at $3,285, Solana has seen a nearly 20% increase at $253, and XRP has risen close to 60% to $1.44 in the same time, according to CoinMarketCap.

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  • BlackRock’s IBIT sets record $1.1 billion in daily inflows

    BlackRock’s IBIT sets record $1.1 billion in daily inflows

    • IBIT’s new record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7
    • Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record indicates a “broader shift in institutional confidence” seen by BlackRock’s record net inflows
    • The 12 spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, a new record since listing in January

    BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) set a new record for inflows, reaching $1.12 billion, topping its previous record of $872 million.

    The new record was noted on SoSoValue and comes when Bitcoin reached an all-time high of $76,677 across major exchanges on November 7. Earlier in the week, Bitcoin broke a new all-time high of $75,317 as voting results signalled a Donald Trump win for the White House.

    BlackRock’s IBIT net assets now account for $34.29 billion, significantly pushing it ahead of its competitors. In October, BlackRock set a new record when its total assets reached $30 billion in 293 days.

    Dary McGovern, COO of Bitcoin native Xapo Bank, said to CoinJournal that Bitcoin’s new record suggests a “broader shift in institutional confidence, with notable market movements such as BlackRock’s record net inflows into its iShares Bitcoin Trust (IBIT),” adding:

    “The growing institutional interest underscores Bitcoin’s increasing recognition as a trusted asset class, driven by rising global demand and mainstream adoption. As more investors seek exposure to digital assets, Bitcoin’s role as a store of value and a potential hedge against inflation becomes ever clearer.”

    The 12 US spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, also a new record since listing in January.

    Nearing Satoshi’s wallet

    Bloomberg ETF analyst Eric Balchunas noted BlackRock’s new record in a post on X, saying: “Even I am surprised it’s that big, by far biggest one day flow of any BTC ETF ever.”

    Balchunas later added that the spot Bitcoin ETFs have taken in a combined $6.7 billion in the past month and $25.5 billion year to date, and are 93% of the way to passing Satoshi Nakamoto’s 1.1 million Bitcoin.

    “This confidence suggests that Bitcoin is now seen as a legitimate hedge and growth asset, particularly appealing amid traditional market uncertainties and as regulatory clarity improves,” said James Toledano, COO at Unity, a self-custody crypto wallet, to CoinJournal. “Just look at pension funds in both the UK and US investing in Bitcoin too. Sentiment has changed massively in such a short space of time.”

    Grayscale’s GBTC, the second-largest by net assets at $16.80 billion, saw a net inflow of $7.31 million. Fidelity’s FBTC reported $190.92 million and Ark and 21Shares saw $17.61 million.

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  • Crypto investment products see first inflows in over a month

    Crypto investment products see first inflows in over a month

    • Digital assets investment products saw $130 million in inflows, the first after four weeks of outflows.
    • Bitcoin remains above $62k and saw inflows of $144 million this past week.

    As Bitcoin shows fresh resilience above $62,000, latest market data reveals that digital asset investment products recorded inflows for the first time in over a month last week.

    On Monday, digital assets manager CoinShares published its weekly report on crypto investment products.

    The details showed the industry saw $130 million in inflows for the week ending May 10. It’s the first time the metric reads positive since the first week of April – a run of four weeks of outflows.

    Notably, Bitcoin saw inflows of $144 million, while short-Bitcoin ETPs recorded outflows of $5.1 million.

    The majority of the inflows were seen in the US, with $135 million. Hong Kong saw $19 million in inflows. Elsewhere, Canada and Germany recorded outflows of $20 million and $15 million respectively.

    ETP volumes remain low

    While the week saw inflows overall, CoinShares’s head of research James Butterfill wrote in the company blog that ETP volumes have continued to decline.

    For instance, the market saw ETP volumes of $8 billion last week, while it averaged $17 billion in April.

    “These volumes highlight ETP investors are participating less in the crypto ecosystem at present, representing 22% of total volumes on global trusted exchanges relative to 31% last month,” Butterfill noted.

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