๐จ WALL STREET IS STILL BUYING BITCOIN ๐๐
Bitcoin may be moving sideways around the $83Kโ$84K zone, but institutional money is telling a different story.
U.S. Spot Bitcoin ETFs just recorded around $191M in net inflows, marking 6 consecutive trading days of positive flows. ๐ฅ
Hereโs where the money went:
๐ฅ BlackRock IBIT: +$163M
๐ฅ Fidelity FBTC: +$12.86M
๐ป WisdomTree BTCW: -$4.02M
BlackRock continues to dominate the flow picture, while total Spot Bitcoin ETF assets have climbed to roughly $108.91B.
And the bigger picture is interesting ๐
Even with BTC struggling to make a strong move higher and Treasury yields putting pressure on risk assets, institutional demand hasnโt disappeared.
The question is:
Are these ETF inflows a sign that institutions are positioning for the next Bitcoin move? ๐ค
Or could the market still see another pullback before the next big move?
Iโm watching the ETF flows closely. ๐๐ฅ
#Bitcoin #BTCโ๏ธ #CryptoNews #BitcoinETF #Crypto
Bitcoin may be moving sideways around the $83Kโ$84K zone, but institutional money is telling a different story.
U.S. Spot Bitcoin ETFs just recorded around $191M in net inflows, marking 6 consecutive trading days of positive flows. ๐ฅ
Hereโs where the money went:
๐ฅ BlackRock IBIT: +$163M
๐ฅ Fidelity FBTC: +$12.86M
๐ป WisdomTree BTCW: -$4.02M
BlackRock continues to dominate the flow picture, while total Spot Bitcoin ETF assets have climbed to roughly $108.91B.
And the bigger picture is interesting ๐
Even with BTC struggling to make a strong move higher and Treasury yields putting pressure on risk assets, institutional demand hasnโt disappeared.
The question is:
Are these ETF inflows a sign that institutions are positioning for the next Bitcoin move? ๐ค
Or could the market still see another pullback before the next big move?
Iโm watching the ETF flows closely. ๐๐ฅ
#Bitcoin #BTCโ๏ธ #CryptoNews #BitcoinETF #Crypto
