Bitcoin ETFs Attract $3.06 Billion in Weekly Inflows

CoinMarketCap
04-29
What to Know:
  • Bitcoin ETFs see $3.06 billion in inflows, among highest ever recorded.
  • U.S. institutional investment drives ETF surge.
  • Bitcoin price rallies, trading near $94,000.
Bitcoin ETFs Attract $3.06 Billion in Weekly Inflows

U.S. Bitcoin ETFs Garner Record $3.06 Billion Inflows

The U.S. spot Bitcoin Exchange-Traded Funds (ETFs) gathered inflows of $3.06 billion over the past week, driven by rising institutional demand. These inflows mark one of the highest recorded weekly totals.

Notably, institutional investors propel this trend, encouraged by recent SEC approvals for Bitcoin investment products. Major crypto fund providers continue to play a pivotal role as primary ETF issuers.

Bitcoin Price Nears $94,000 Amid ETF Surge

The inflow of funds has coincided with a substantial Bitcoin price increase, now trading near $94,000. This suggests renewed investor confidence and increasing crypto market stability.

The financial implications reflect growing institutional adoption. Market sentiment is turning decisively bullish, potentially fueling further investments in related digital assets. Gary Gensler, Chair, SEC, noted, "The approval of spot Bitcoin ETFs is not an endorsement of Bitcoin itself, but rather an expansion of regulated investment vehicles for mainstream investors."

March 2025 Inflows Dwarfed by Current Activity

Previous significant inflows were recorded in March 2025, albeit at a lower magnitude. Net outflows in early April showed prior investor caution before this recent resurgence.

Historical trends suggest that such ETF inflows lead to a short-term price effect on Bitcoin. Analysts note that long-term pricing may decouple from these flows, depending on wider market conditions. Swissblock Analytics remarked, "Beware bears! Risk-Off Signal at 0 for days: clear evidence that downside pressure is vanishing. We’re in bullish stabilization – pullbacks are now launchpads for more upside."

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
Read original article on bitcoininfonews.com

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