Bitcoin ETF Inflows Surge for 5th Straight Day

by Ouess

Bitcoin ETF inflows topped $300 million on Tuesday, continuing a strong five-day streak of capital moving into spot BTC funds. This surge signals rising institutional confidence and renewed bullish sentiment around Bitcoin’s price trajectory.

BlackRock Leads the Charge with Massive Inflows

On Tuesday alone, Bitcoin spot ETFs saw net inflows of $329 million. This marks the fifth consecutive day of positive momentum in institutional investments.

Bitcoin ETF Inflow Source : SoSoValue

BlackRock’s iShares Bitcoin Trust (IBIT) led with a massive $287.45 million inflow. To date, the fund has now attracted a total of $46.15 billion in net investments.

Fidelity’s Bitcoin ETF, FBTC, followed as a strong second, bringing in $23.26 million on the same day. Its total net inflow now stands at $11.81 billion.

Bitcoin ETF Source : Farside Investors

These inflows show a clear trend: institutional investors are steadily adding exposure to Bitcoin, regardless of short-term market fluctuations.

Bitcoin Price Breaks $107,000 Barrier

Meanwhile, Bitcoin itself continues to gain strength. The cryptocurrency soared past the $107,000 mark, a significant psychological resistance level. At the time of writing, BTC is trading at $107,421, reflecting a 2% daily gain.

BTC Price Source : TradingView

Adding to the bullish momentum, open interest in BTC futures has jumped to $74.24 billion—up 4% in the last 24 hours. This suggests more capital is entering the market, strengthening the ongoing uptrend.

BTC Future Open Interest. Source: Coinglass

Options Data Shows Bullish Sentiment

Further confirming the market optimism, BTC options data reveals a growing demand for call contracts, which are bets on future price increases. This uptick aligns with the recent inflows and spot market momentum, hinting that traders expect more upside ahead.

BTC Options Open Interest. Source: Deribit

If this pattern holds, Bitcoin could be entering a new phase of accumulation. A breakout to a new all-time high may not be far off.

You may also like

Crypto feed news

Our team of crypto enthusiasts and market mavens is on a mission to deliver the latest, juiciest, and most insightful updates from the ever-evolving world of cryptocurrencies.

@CryptoFeedNews 2023 All Right Reserved. Designed and Developed by TheDevThingz

Social Media Auto Publish Powered By : XYZScripts.com
Skip to content