1. Increased ETF Attention:
Bitcoin is attracting significant institutional interest via ETFs.
2. BlackRock’s IBIT Dominance:
BlackRock's IBIT ETF now holds over $71 billion, underscoring its massive uptake.
3. Bitcoin Price Drift:
Despite strong inflows, Bitcoin’s price is drifting away from its record highs.
4. Record Inflows:
In the last five weeks, over $9 billion flowed into Bitcoin ETFs — a historic surge.
Total inflows into all 11 Bitcoin ETFs during this period have hit a new record.
📈 Implication:
This surge in ETF inflows signals a pivotal shift: institutional investors are embracing Bitcoin more than ever before. It also suggests rising confidence in crypto's role in mainstream finance, even if price action is temporarily lagging.
