【Shocking Breakthrough!】Bitcoin ETF Absorbs $37.5 Billion, Is the Flood of Funds Reigniting the Bull Market?

The Bitcoin spot ETF has seen inflows for seven consecutive days, setting a record for the longest influx of funds in several months, with a total of over $3.75 billion absorbed, causing market enthusiasm to soar instantly.

A wave of funds is surging, with the total scale exceeding $100 billion.

Driven by continuous buying, the total assets under management of the ETF have surpassed the $100 billion mark, rebounding over 26% from the low point in early April, gradually approaching the year's high. Although it is still below the peak of $123.6 billion reached in January, this strong recovery has reignited market confidence.

On April 28 alone, investors injected $591 million into the Bitcoin ETF, setting a new record for daily inflows. In just the past week, it absorbed $3.06 billion, marking the second-highest weekly inflow on record.

Ethereum ETF is also awakening, absorbing over $200 million in three days.

Not only is Bitcoin in demand, but the Ethereum ETF has also experienced rare consecutive inflows for three days, with the largest single-day inflow reaching $64.1 million, accumulating $231 million over three days, reversing the previous downward trend.

As of now, the total management scale of the Ethereum ETF has rebounded to $6.2 billion, significantly up from the low of $4.98 billion at the beginning of this month. Although it has not returned to the high of $14.3 billion in December last year, the bullish atmosphere is gradually recovering.

The U.S. may lift the staking ban, releasing a potential of $55 billion?

On the regulatory front, the latest documents reveal that a mainstream crypto asset management institution is actively lobbying U.S. regulatory agencies to allow the Ethereum ETF to participate in staking. It is estimated that if the staking ban continues to exist, U.S. ETFs could lose up to $5.5 billion in staking rewards over the next ten years.

Currently, due to the inability to participate in staking, the ETH products under this institution have already accumulated a potential loss of $61 million in earnings, which are quietly being claimed by overseas competitors.

Summary: ETF Absorbs Hot Money, Is the Eve of the Bull Market Upon Us?

Funds are pouring into ETF products, especially against the backdrop of macroeconomic uncertainty and increased volatility in traditional assets, making crypto assets once again a 'safe haven' for capital.

Is the next wave of market movement about to start? Or is it a trap to entice after the main players have positioned themselves? The market is at a critical juncture.

Want to know which ETFs have the most active fund flows? I can compile the latest rankings for you. Interested?