The value of Bitcoin is stabilizing around $94,000 this Friday, following an increase of more than 10% during the week. U.S. spot Bitcoin ETFs have recorded a total inflow of $2.68 billion as of Thursday, the highest figure in a week since mid-December.
Risk sentiment is prevailing in the market, especially following the appointment of Paul Atkins, a cryptocurrency advocate, as the new leader of the U.S. SEC. Additionally, the Trump administration appears to be moderating its rhetoric regarding the Federal Reserve and trade tensions with China.
The value of Bitcoin (BTC) remains around $94,000 at the time of writing this article, reflecting the recent 10% increase observed earlier this week. This surge has been driven by strong demand from institutional investors, as U.S. spot Bitcoin ETFs have recorded a total inflow of $2.68 billion as of Thursday. Furthermore, risk sentiment continues to dominate the market due to Paul Atkins' swearing-in as the new chairman of the U.S. Securities and Exchange Commission (SEC), and the apparent softening of the Trump administration's stance on the Fed and trade relations with China.
Institutional Inflows in Bitcoin ETFs
Institutional investments in Bitcoin ETFs have reached four-month highs, supporting this week's price increase. According to data from SoSoValue, the U.S. spot Bitcoin ETF has recorded a total inflow of $2.68 billion as of Thursday, the highest level since mid-December when Bitcoin first surpassed the $100,000 mark. If these contributions continue and intensify, Bitcoin prices are likely to keep rising.
