Bitcoin ETF Inflows Hit $220M – Is a Massive Rally Incoming?
The post Bitcoin ETF Inflows Hit $220M – Is a Massive Rally Incoming? appeared first on Coinpedia Fintech News
The crypto market took a nosedive after Trump’s latest tariff announcement, wiping out a staggering $509 million. Bitcoin crumbled to $82,352, with traders scrambling to defend the $83K mark—only for it to slip again after briefly reclaiming $88K. It wasn’t just BTC feeling the heat. The entire crypto market shed 3.43%, with Ethereum plunging over 6% and Solana sinking 6.6%. Despite a slight bounce near $82K, the pressure remains high.
While the crypto went haywire and lost in the tariff war, Bitcoin ETF inflows have roared back, with a net surge of $220 million as investors brushed off concerns about Trump’s reciprocal tariffs and took advantage of the BTC price dip. Fidelity’s FBTC and Ark Invest’s ARK dominated the inflows, while BlackRock’s IBIT witnessed outflows. Institutional demand is once again on the rise, fueling confidence in Bitcoin’s long-term potential.
Institutional Investors Step In
After a slow start to the week, inflows into spot Bitcoin ETFs rebounded strongly. On April 2, investors poured $220 million into Bitcoin ETFs, reversing early selloffs. Fidelity’s FBTC and Ark Invest’s ARK led with $119 million and $130 million in inflows, respectively. However, BlackRock’s iShares Bitcoin Trust (IBIT) faced significant outflows of $116 million. Despite the mixed market response, it appears that major players viewed the Trump tariffs as a “buy the dip” opportunity rather than a long-term risk.
Big Players Hoading More BTC
Institutions are doubling down on Bitcoin, with publicly traded firms now holding a massive 696,456 BTC. Just last week, eight companies added another 26,303 BTC to their stacks, showing growing confidence in Bitcoin’s long-term strength. Leading the charge are Michael Saylor’s MicroStrategy and Japan’s Metaplanet, both scooping up more BTC as they bet big on the crypto giant’s future.
Bitcoin’s Current Market Sentiment
Despite the positive ETF vibes, Bitcoin faced an intense bloodbath following Trump’s tariff announcement, plunging from $88,000 to $81,000. However, trading volume skyrocketed by 85%, reaching $54 billion, indicating investors are still interested. As of now, BTC is trading at $83,394, with a market cap of $1.65 trillion.
Find out the Key Trading Range
Meanwhile, Crypto analyst Ali Martinez has identified a key trading range between $86,900 and $84,800. He suggests that whichever side breaks first on the hourly chart could dictate Bitcoin’s next major move. With institutional players back in accumulation mode, the market is closely watching whether BTC will push past resistance or face another dip.
Overall, while Bitcoin’s price remains volatile, institutional investors seem unfazed by regulatory developments and continue to see BTC as a valuable long-term asset. The coming weeks will reveal whether this renewed confidence can push Bitcoin to new highs.
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