Bitcoin ETF inflows are staging a comeback. They are once again drawing investor interest. Fresh capital is flowing into these products.
BlackRock CEO Larry Fink said Bitcoin price is stable. He is “very bullish” on the crypto market. His outlook covers the next 12 months.
Why Bitcoin ETF inflows are staging a comeback
Larry Fink spoke to CNBC on Thursday. He no longer worries about excessive leverage. Therefore, this explains the greater stability in Bitcoin.
Fink said he is “very bullish” on crypto markets. His comments come amid improving sentiment. US CPI inflation cooled to 3.5% recently.
Fink also highlighted the next financial revolution. He sees it in data centers and chips. Compute power will drive this change. Tokenization will boost long-term potential too.
This shift toward digital representation is growing. RWA issuers are leading this charge. They are bridging treasuries with blockchain technology.
The Crypto Market Fear & Greed Index improved today. Fink’s bullish stance grabbed massive attention. Consequently, the crypto community reacted positively.
Spot Bitcoin ETF inflows staging a comeback
US-listed spot Bitcoin ETFs are drawing attention again. Fresh capital is returning after months of outflows. For instance, BlackRock Bitcoin ETF (IBIT) leads the inflows.
Bitcoin ETFs recorded $107.7 million in inflows on Wednesday. Specifically, BlackRock Bitcoin ETF saw $80.8 million of that. This followed the cooling US PPI data. Furthermore, Fink’s bullish stance also helped.
Fidelity’s FBTC saw $16.9 million in inflows. Similarly, Grayscale Bitcoin Mini Trust ETF had $10 million. No outflows were recorded in other spot Bitcoin ETFs.
The comeback is now in focus. Both institutional and retail investors are returning.
Bitcoin price holds near $65K
Bitcoin is trading near the $64,000 levels.
Trading volume remains stable. It has held around $28 billion. This has been consistent over the past few days.
