🚨BREAKING : BITCOIN MAY 10TH – DEMAND EXPLODES FOR BTC SPOT ETFS!
Despite a 10% drop in revenue in the first quarter of 2025, Coinbase remains optimistic and continues to invest, notably with the acquisition of Deribit for $2.9 billion. The recent bullish reaction on Bitcoin suggests that a new bullish trend phase is possible, with FOMO as in previous cycles. In today's update, we take a look at the state of the king of cryptocurrencies!
Investors are responding to Bitcoin spot ETFs Since the launch of Bitcoin spot ETFs in 2024, Bitcoin's gains have been closely correlated with strong demand for these ETFs, highlighting the impact of institutional adoption on the market. And while inflows were relatively low since the beginning of the year, buyers have been returning since April:
Daily inflows are once again similar to what was observed at the beginning and end of 2024. And since April 15, there have only been three days with outflows. If traders continue to bet on the king of cryptocurrencies, the price of BTC could take advantage of this to accelerate beyond the ATH. Demand is growing again for ETFs Another way to observe the return of demand for ETFs is to note that the number of assets under management (AUM) has been growing strongly for several weeks. The metric is now not far from the levels corresponding to the February 2025 peak:
Total assets under management (AUM) held in US spot Bitcoin ETFs have now surpassed 1.171 million BTC, just 11,000 BTC short of the all-time high of 1.182 million BTC.
