Institutional capital receives a major boost (direct buy orders provide support)

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

  1. U.S. spot BTC/ETH ETFs continue to see large net inflows Yesterday, total net inflows into crypto ETFs across the whole market were $239 million. Bitcoin ETFs alone took $181 million, ending the prior streak of eight consecutive weeks of outflows. BlackRock’s IBIT remains at the top of the net inflow rankings, and institutions are steadily “scooping up” at current prices in batches, providing bottom support for the coin price.
  2. BlackRock CEO openly bullish on Bitcoin Today, BlackRock CEO Fink, in an interview with CNBC, clearly said that the leverage risk in the Bitcoin market has been flushed out and the market structure has matured. He also said Bitcoin has become an allocation target for global large-class asset management, and he is optimistic about market performance over the next 12 months. The world’s largest asset manager…
BTC-1.06%
ETH-2.48%
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