Bitcoin Aims for $50,000 as Strong Capital Inflows into ETFs

Bitcoin is on track to reach $50,000, fueled by significant capital inflows into various Bitcoin ETFs.

Bitcoin Aims For $50,000 As Strong Capital Inflows Into Etfs_65d5d24e2cb55.webp

The trajectory of Bitcoin’s price closely aligns with the robust performance and substantial capital influx into ETFs. On February 9, the last trading day of the week, the price surged to $48,200, marking a nearly 6% increase over the course of seven days. This positive trend indicates that Bitcoin approaching the $50,000 milestone is increasingly plausible in the near future, supported by the strong and sustained performance of Bitcoin ETFs.

According to data from BitMEX, capital inflows into Bitcoin ETFs rose from approximately $68 million at the beginning of the week to $541 million by Friday, marking the largest capital inflow since the ETF was traded. BlackRock continues to lead the pack, concluding the week with a capital influx exceeding $250 million. Fidelity and ARK Invest follow closely with capital inflows of $188 million and $136 million, respectively. Grayscale’s ETF experienced a record low, with over $51 million in capital inflows in a single day.

Bitcoin ETFs have now accumulated over $10 billion in assets, with BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund leading the pack, each managing Bitcoin holdings valued at over $3 billion.

Related: 8-Year Price Surge Signal Emerges on Bitcoin Chart

Other factors also warrant consideration, such as the anticipated recovery post-halving events, the Federal Reserve’s monetary policies, and supply-demand dynamics. As of now, all indicators suggest that Bitcoin is entering a bullish price cycle.

(100 votes)

5.0/5

(100 votes)

Latest

Crypto Market Faces Volatility Ahead Of Trump Tariff Pause Expiration

News | Editor Choice | Policy & Regulations

Crypto Market Faces Volatility Ahead of Trump Tariff Pause Expiration

The crypto market is entering a sensitive phase as the Trump tariff pause nears its end and nearly $15 billion in Bitcoin options are set to expire, putting significant pressure on investor sentiment.

Pi Coin Faces Selling Pressure Ahead Of Pi2day

News | Editor Choice | Pi Network

Pi Coin Faces Selling Pressure Ahead of Pi2Day

Ahead of the Pi2Day event on June 28, Pi Coin is under strong selling pressure while Pi Network announces a series of new updates, including the KYC Sync feature and upgrades to the Pi Browser aimed at improving user experience and accelerating the transition to Mainnet.

Bitcoin Could Drop To $100,000 Soon

Bitcoin | Editor Choice

Bitcoin Could Drop to $100,000 Soon

Although Bitcoin has surged following the stabilization of the Middle East situation, it could still fall below the 100,000 USD mark in the near future.

Coinbase Stock Hits New High As Analysts Split On Future Rally

News | Altcoin | Editor Choice | Policy & Regulations

Coinbase Stock Hits New High as Analysts Split on Future Rally

Coinbase (COIN), the crypto exchange giant, has just set a new all-time closing high, despite growing concerns that the stock may be due for a short-term correction.

Ai Crypto App Users Double This Year

Editor Choice | Altcoin

AI Crypto App Users Double This Year

According to a report from DappRadar, there are approximately 4.5 million wallets using AI applications on the blockchain, marking an 86% increase this year.