Bitcoin approaches $78k, ETF capital inflows surpass $2 billion in 8 days

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CryptoWorld News reports that Bitcoin prices are approaching $78k, with U.S. spot Bitcoin ETFs recording their eighth consecutive day of net inflows over the past 8 days, totaling more than $2 billion in funds. On Thursday, Blackstone’s IBIT led with a net inflow of $167.5 million, while funds such as ARK Invest, 21Shares, Morgan Stanley, and Grayscale also experienced positive inflows. However, Bitcoin ETFs from Fidelity, Bitwise, and VanEck collectively saw outflows of about $30 million during the same period. Andri Fauzan Adziima, head of research at Bitrue, stated that the current capital inflows indicate stable allocation activity, with institutions viewing Bitcoin as a core component of their investment portfolios rather than just trading. Over the past 30 days, Bitcoin has risen approximately 10% and remains near $78k. Adziima believes that sustained capital inflows could establish a stable demand foundation for Bitcoin, and if ETF demand remains strong, Bitcoin could move toward the $85k to $90k range.

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