Major institutional fund-flow bullish catalyst (direct buy-side support)


1. US spot BTC/ETH ETFs continue to see large net inflows. Yesterday, total net inflows into all crypto ETFs across the market were $239 million. Bitcoin ETFs alone took $181 million, ending the prior streak of eight consecutive weeks of outflows. BlackRock’s IBIT remains firmly at the top of the inflow rankings. Institutions are continuing to step in at current prices with phased bargain buys, providing bottom support for the coin price.
2. BlackRock CEO publicly turns bullish on Bitcoin. Today, BlackRock CEO Fink was interviewed by CNBC and clearly stated that Bitcoin market leverage risks have been cleared, the market structure has matured, and it has become a target for global large-class asset allocation. He is optimistic about the market outlook for the next 12 months. The global largest asset management firm’s chief executive.
BTC-1.06%
ETH-2.48%
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