Bitcoin ETF Inflows Slow Amid Price Consolidation, but Bullish Sentiment Suggests Possible Upswing
The post Bitcoin ETF Inflows Slow Amid Price Consolidation, but Bullish Sentiment Suggests Possible Upswing appeared on BitcoinEthereumNews.com.
In a notable development for the cryptocurrency sector, Bitcoin ETFs saw net inflows of $603.74 million last week, the lowest in a month, as market consolidation weighs on investor sentiment. The recent fluctuations in Bitcoin’s price have resulted in heightened caution among investors, potentially impacting the ongoing influx into Bitcoin ETFs. A source from COINOTAG highlighted, “The dip in inflows reflects a cautious stance among investors amid market consolidation, marking a pivotal moment for Bitcoin ETFs.” Bitcoin ETFs experienced their lowest weekly inflows in a month at $603.74 million, reflecting market consolidation and evolving investor sentiment. ETF Inflows Slow as Price Consolidation Cools Investor Appetite Between May 12 and May 16, inflows into spot BTC ETFs totaled $603.74 million. Although this was a net positive in terms of inflow into these funds, last week’s figure was the lowest weekly inflow in the past month. This highlights a more cautious yet sustained capital movement into the market. The slowdown in ETF inflows can be linked to BTC price consolidation during the five-day period under review. Throughout that period, BTC traded sideways, facing resistance at around $104,971 while finding consistent support at $102,711. This lack of clear movement likely led some investors to be more cautious, resulting in reduced capital inflows into BTC ETFs last week. BTC Eyes Fresh Highs Still, bullish momentum persists in the BTC market. The king coin briefly surged to a three-month high of $107,108 during Monday’s early Asian trading session. While it has since corrected to trade at $104,956, the bullish bias toward the coin remains significant. BTC’s price uptick comes alongside a rise in its futures open interest, which stands at $70.03 billion at press time, climbing 7% over the past day. Open interest refers to the total number of outstanding derivative contracts, such as futures…
Filed under: News - @ May 19, 2025 8:19 am