Bitcoin ETFs Scoop $667M in Inflows as BTC Eyes Golden Cross
The post Bitcoin ETFs Scoop $667M in Inflows as BTC Eyes Golden Cross appeared on BitcoinEthereumNews.com.
Key Notes Bitcoin ETFs have now seen four consecutive days of inflows, with only three days of outflows in the past month. The $667 million net inflow on May 19 signals aggressive dip buying. Analyst notes a looming “golden cross,” suggesting potential for a sustained BTC rally. Despite a short-term correction in Bitcoin’s BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B price on Monday, institutional interest remained strong. Spot Bitcoin exchange-traded funds (ETFs) saw a massive $667 million in net inflows on May 19, signaling strategic approach to market dips. Notably, in the past month, outflows were recorded on only three trading days. Currently, the funds are experiencing a four-day streak of net inflows, as the Crypto Fear and Greed Index edges deeper into “greed” levels. On Monday, BlackRock’s IBIT led the inflow, attracting $306 million. This dominant contributor has now accumulated roughly $6.5 billion in total inflows since launch. In just the last four trading days, the ETF added another $1.1 billion to its tally. Other top ETFs also showed robust inflows. Fidelity’s FBTC brought in $188 million, while Ark Invest’s ARKB attracted $155 million, according to Farside Investors. These inflows led to a 3% BTC price recovery from Monday’s dip. Analysts Suggest Bullish Momentum Analysts believe this bullish momentum may continue. Popular crypto analyst Benjamin Cowen noted that Bitcoin is on the verge of a “golden cross,” a technical indicator where the 50-day SMA crosses above the 200-day SMA. This formation historically suggests a strong long-term upward trend. #Bitcon golden cross should occur in a few days. Will probably make a video soon discussing this and looking back at historical moves following it pic.twitter.com/qRqIweAopD — Benjamin Cowen (@intocryptoverse) May 20, 2025 At the time of writing, Bitcoin is trading just below its…
Filed under: News - @ May 20, 2025 12:25 pm