Bitcoin ETF Inflows Surge Amidst Market Turmoil

The crypto market faced a significant downturn following President Trump’s latest tariff announcement, resulting in a $509 million loss for the entire sector. Bitcoin plummeted to $82,352, prompting traders to scramble for support near the $83K mark before experiencing another dip. Ethereum and Solana also suffered losses, dropping 6% and 6.6% respectively. Despite this bearish trend, Bitcoin ETF inflows surged by $220 million as investors took advantage of the price drop, driven by institutional investment. Fidelity’s FBTC and Ark Invest’s ARK led the influx, while BlackRock’s IBIT witnessed outflows. This surge in demand indicates renewed confidence in Bitcoin’s long-term potential.