Bitcoin Bulls Return as Spot ETFs Hit Record Inflows – What's Next for the Market-
Bitcoin Surges Past $68K Amid ETF Inflows
Bitcoin has regained strong bullish momentum this week, soaring past $68,000 after a flurry of institutional activity. The catalyst? Spot Bitcoin ETFs in the U.S. recorded $1.4 billion in net inflows over the past seven days, marking their best week since launch. BlackRock’s iShares Bitcoin Trust (IBIT) led the pack, drawing in nearly half of that total. Analysts believe the renewed interest stems from growing confidence that the Fed is done with rate hikes and may consider cuts later this year.
Ethereum ETF Anticipation Builds as SEC Deadline Nears
Ethereum is riding the wave too, climbing above $3,200 as speculation grows around potential approval of spot ETH ETFs. The U.S. SEC is expected to make a decision by May 23 on VanEck’s application. While odds remain uncertain, Bloomberg ETF analysts estimate a 35% chance of approval, up from 25% just two weeks ago. The growing pressure from institutions and bipartisan voices in Congress could sway regulators.
BinanceAlpha$1.7MReward Ethereum logo with SEC building backdrop and May 23 circled on a calendar]
The broader crypto market also rallied. Solana, Cardano, and Avalanche posted double-digit weekly gains. Meme coins like $PEPE and $FLOKI saw surges as retail investors re-entered the market, driven by $FORM and influencer activity. With volatility back, traders are eyeing the next leg up—but caution remains. Analysts warn of potential corrections if macro sentiment shifts or ETF approvals are delayed.
