After weeks of decline, Spot Bitcoin ETFs recorded strong positive inflows of $744.35 million last week, a remarkable turnaround that reflects a return to investor confidence.
This recovery came as Bitcoin stabilized above $85,000, a crucial support level that analysts believe is necessary to continue the upward momentum. BlackRock's IBIT fund accounted for the largest share of inflows with $537.5 million, followed by Fidelity's FBTC with $136.5 million.
Experts believe that Donald Trump's easing of trade threats and the Federal Reserve's indications of a possible interest rate hike have boosted market confidence. As Bitcoin continues its climb toward $86,918, markets wait to see if the digital asset can maintain its momentum or if another wave of correction is looming.
0 Comments