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BTC-spot ETF flow trends reflected improved market sentiment. According to Farside Investors, total net inflows soared $3,033 million for the week ending April 25, the largest since launching in January 2024. Key flow trends included:
- iShares Bitcoin Trust (IBIT) had net inflows of $1,445.7 million, its biggest haul since the week ending December 20.
- ARK 21Shares Bitcoin ETF (ARKB) saw net inflows of $621.1 million.
- Fidelity Wise Origin Bitcoin Fund (FBTC) reported net inflows of $573.8 million.
- Nine of the 11 BTC-spot ETF issuers registered net inflows for the week.
Market intelligence platform Santiment noted:
“As Bitcoin has recovered as high as $95.8K today, we are seeing the highest week of net inflows to BTC ETFs since the week before Trump’s inauguration in mid-January. Institutions like Blackrock have played a large part in the crypto-wide bounce traders were waiting for.”
IBIT’s inflows underscored BlackRock’s dominance in the ETF space. Since launching on January 11, 2024, IBIT has reported net inflows of $41,200, helping offset the $22,688 million GBTC outflows. FBTC ranks second, with $11,865 million in net inflows.
BTC Price Outlook: Key Drivers
Several key factors will dictate BTC’s near-term trajectory:
- Global trade risks: An escalation in the US-China trade war could impact risk sentiment, weighing on BTC and the broader crypto market.
- Macroeconomic indicators: US labor market and inflation data will influence the Fed rate path. Softer data may boost Fed rate cut bets and BTC demand.
- The Bitcoin Act: If passed, the bill could tilt the supply-demand balance firmly in BTC’s favor.
- US BTC-spot ETF market flows: Spot ETF flow trends remain a critical barometer of market sentiment and price trends.
Key BTC Price Scenarios include:
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