Bitcoin ETFs Experience a Surge of $350 Million in Inflows

Bitcoin exchange-traded funds (ETFs) have seen a significant surge in inflows, reaching nearly $350 million in just one week. This influx indicates a shift in market sentiment, with institutional investors driving this positive trend. According to Santiment, a blockchain analytics platform, these inflows mark the highest collective inflow in the past seven weeks. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) has seen a notable $169.5 million inflow, representing a significant change from previous outflows. Despite this positive movement in ETFs, the spot price of Bitcoin remains relatively stable, fluctuating between $111,000 and $113,000. While institutional investors are fueling this trend, retail sentiment is shifting towards bearishness, with many traders expecting a decline below $100,000 for Bitcoin and Ethereum below $3,500. This shift in outlook may be creating an opportunity for institutional players who are more confident about the market’s future.