Will BlackRock Investors Stay Bullish?
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Bitcoin price is at a pivotal level as ETF flows offloaded $93 million on Friday, ending a 10-day buying spree. While BTC holds key support at $82,000, BlackRock investors disposition may signal optimism. Bitcoin ETFs End 10-day Buying Spree, But BlackRock Investors Hold Bitcoin ETFs drew media attention on Friday as net outflows reached $93 million, marking the end of a 10-day buying spree that added nearly $2 billion in BTC. Data reveals that all of the outflows came from Fidelity’s FBTC, while BlackRock’s IBIT and eight other U.S.-approved spot ETFs recorded neutral flows, signaling diverging institutional investor sentiment. Bitcoin ETF Flows as of March 30 |Source: FairSide Despite the selling pressure, BTC price showed resilience, bouncing from a 10-day low of $82,000 to reclaim the $84,000 level over the weekend. This suggests that while some institutional players have turned cautious, BTC continues to find buyers at the $82,000 mark, likely driven by macroeconomic hedging. Why Are Bitcoin ETFs Taking a Neutral Outlook Despite Bearish Market Sentiment? While Bitcoin’s brief dip below $82,000 coincided with renewed regulatory uncertainty—following U.S. Congress’ scrutiny of Paul Atkins, Trump’s crypto-friendly SEC pick—the decision by major ETFs like BlackRock’s IBIT to hold rather than sell suggests a more calculated approach among institutional investors. One possible explanation is that institutional investors are weighing broader macroeconomic risks. With concerns mounting over Trump’s proposed trade policies and their potential impact on traditional stock markets, Bitcoin remains an attractive hedge due to its independence from traditional financial structures. This could explain why ETF outflows have been concentrated in specific funds like FBTC rather than across the board. Large Un-realized Profits Prior to the $93 million sell-off observed on Friday, Bitcoin ETFs had aquired nearly $2 billion in the previous 10-day. This sheer volume of Bitcoin accumulated by ETFs in…
Filed under: News - @ March 31, 2025 12:26 am