So, Bitcoin spot exchange-traded funds (ETFs) decided to throw a party on Wednesday, and guess what? They raked in over $600 million! 🎉
Yes, you heard it right! This marks the sixth day in a row that these funds have seen net inflows. It’s like the investors are saying, “We believe in you, Bitcoin!” (Or maybe they just want to be part of the next big thing. Who knows?)
Bitcoin ETF Inflows Climb 85% Amid Bullish Run Above $110,000
When BTC broke through the $110,000 mark, it was like a scene from a rom-com—cue the dramatic music! Investors couldn’t resist pouring in $608.99 million, pushing the total net asset value of all BTC spot ETFs to a whopping $129.02 billion. 💸
And just to spice things up, Wednesday’s inflows were 85% higher than Tuesday’s $329 million. Talk about a glow-up! 🌟
BlackRock’s ETF IBIT was the belle of the ball, with a staggering net inflow of $530.63 million, bringing its total to $46.68 billion. Meanwhile, Fidelity’s ETF FBTC was like the sidekick, with a respectable $23.53 million, totaling $11.83 billion. Not too shabby, right?
Bitcoin Rallies to Fresh Record; Options Traders Show Cautious Optimism
Fast forward to Thursday morning, and BTC is strutting its stuff at a new all-time high of $111,880. But wait! It’s had a little slip and is now at $111,618. Classic Bitcoin drama! 📉
The price surge is reflected in the derivatives market, where traders are feeling frisky with long positions. Coinglass reports BTC’s funding rate is at 0.018%, the highest since February 22. It’s like a rollercoaster ride, and everyone’s screaming for more! 🎢
Now, the funding rate is just a fancy way of saying traders are paying each other to keep things in check. When it spikes, it means everyone’s betting long, which is great—until it’s not. 😬
But hold your horses! Options traders are playing it cool, with a balanced demand for calls and puts. It’s like they’re saying, “Let’s wait and see if this is a bull trap or the real deal.”
Despite the cautious vibes, call options are still leading the pack, hinting at continued upward pressure. So, buckle up, folks! This Bitcoin ride is just getting started! 🚀
Read More
- 50 Goal Sound ID Codes for Blue Lock Rivals
- Quarantine Zone: The Last Check Beginner’s Guide
- 50 Ankle Break & Score Sound ID Codes for Basketball Zero
- Ultimate Myth Idle RPG Tier List & Reroll Guide
- Lucky Offense Tier List & Reroll Guide
- Every House Available In Tainted Grail: The Fall Of Avalon
- Mirren Star Legends Tier List [Global Release] (May 2025)
- Basketball Zero Boombox & Music ID Codes – Roblox
- How to use a Modifier in Wuthering Waves
- Enshrouded Hemotoxin Crisis: How to Disable the Curse and Save Your Sanity!
2025-05-22 09:17