Bitcoin ETFs Add $2.7 Billion in a Week as Market Rebound Continues
The post Bitcoin ETFs Add $2.7 Billion in a Week as Market Rebound Continues appeared on BitcoinEthereumNews.com.
In brief Bitcoin ETFs saw $442 million in inflows yesterday, part of a weeklong positive streak that’s pushed total assets under management to $108 billion as BTC trades at $95,160. The recent surge in Bitcoin price and ETF inflows coincides with President Trump’s comments about reducing Chinese tariffs and shows strengthening correlation with the Nasdaq, which is up about 5% over the past week. Analysts suggest Bitcoin’s rise is influenced by multiple factors including dollar weakness, increased correlation with gold, and potentially favorable technical signals as it approaches the key Fibonacci retracement level of $95,400. Bitcoin ETFs attracted $442 million in inflows yesterday, marking the fourth consecutive trading day of positive accumulation. Markets have been green since last Thursday, but were closed in various regions in observation of Good Friday and Easter. Total assets under management now stand at $108 billion, according to data from CoinGlass, reaching its highest level since late February, as Bitcoin continues its recovery from the low $80,000 range this week. BTC, the original cryptocurrency, is currently trading at $95,160—its strongest showing since the last week of February. This week’s ETF inflows peaked at $912.7 million and $917 million on Tuesday and Wednesday, when President Donald Trump signalled that tariffs on Chinese goods may soon “come down substantially.” Bitcoin had actually begun rising from the low $80,000 range on Monday, when ETF inflows reached $381.3 million, the highest level since January. ETFs had suffered substantial daily outflows through much of February, March and April, peaking with a one-day exodus of $1.01 billion on February 25. Kathleen Brookes, the Research Director at XTB, told Decrypt that Bitcoin’s performance this week partly stems from its correlation with the Nasdaq, which is up by around 5% in the past seven days. “The upward momentum in growth stocks in the…
Filed under: News - @ April 25, 2025 7:24 pm