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Big money coming into crypto ETFs indicates that major institutions are making a strong comeback.
Spot Bitcoin ETFs in the U.S. just had their best week for new money coming in since mid-January. This means they've now seen money flowing in for three weeks straight.
Numbers from SoSoValue indicate that last week alone, these funds brought in a total of $996.4 million. This pushed the overall amount for the past three weeks to more than $1.8 billion. BlackRock’s IBIT was behind most of this, taking in $906 million by itself and cementing its place as the top Bitcoin ETF when it comes to assets.
Even newer players are starting to get noticed. For example, Morgan Stanley’s MSBT, which just launched on April 8, completed its first full week of trading and managed to attract $71 million.
Ethereum investments are showing a similar pattern. Spot Ethereum ETFs saw $275.8 million come in last week, which is also their best performance since mid-January. This suggests that institutions are looking beyond just Bitcoin, showing interest in other cryptocurrencies too.
However, even with this, bigger economic risks are still high. The temporary agreement for a ceasefire between the U.S. and Iran is ending on Wednesday, and their disagreements haven't been settled. Plus, recent news about the U.S. taking control of an Iranian ship in the Strait of Hormuz has made things even more unpredictable.
Donald Trump mentioned that U.S. negotiators are traveling to Islamabad to possibly talk things over. Meanwhile, Iranian officials have reportedly said they won't negotiate unless the blockade in the Strait of Hormuz is removed.
Here’s the main point:
Institutions are consistently pouring a lot of money into crypto, which is a good sign. But on the flip side, global political risks are also growing. Should these tensions worsen, we can expect market instability for assets considered risky—Bitcoin included—even with all the interest from these ETFs.
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