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Spot Bitcoin ETFs Surge to Record $3B Inflows as Market Rebounds

Spot Bitcoin ETFs Surge to Record $3B Inflows as Market Rebounds

Bitcoin News
Release Time:
2025-04-29 05:18:29
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Bitcoin investment products have recorded one of their strongest weeks in recent memory, with U.S.-based spot BTC ETFs attracting over $3 billion in inflows, marking their best performance since November 2024. BlackRock’s IBIT and Fidelity’s FBTC led the charge, capturing 92% of Friday’s inflows—$240 million and $108 million respectively. Total assets in spot Bitcoin ETFs now approach $110 billion, signaling renewed institutional confidence in the cryptocurrency market.

Spot Bitcoin ETFs See Best Week Since 2024 Amid Market Recovery

Bitcoin investment products recorded one of their strongest weeks in recent memory, with U.S.-based spot BTC ETFs attracting over $3 billion in inflows. This marks their best performance since November 2024.

BlackRock’s IBIT and Fidelity’s FBTC led the charge, capturing 92% of Friday’s inflows—$240 million and $108 million respectively. Total assets in spot Bitcoin ETFs now approach $110 billion, with IBIT alone controlling nearly 3% of Bitcoin’s circulating supply.

Jay Jacobs of BlackRock noted that growing global uncertainty is driving investors toward alternative assets like gold and Bitcoin, which are perceived to behave differently from traditional markets.

MicroStrategy and Metaplanet Reap $5.3B in Bitcoin Windfall

MicroStrategy and Metaplanet have emerged as the standout beneficiaries of Bitcoin’s 2025 rally, collectively amassing $5.3 billion in unrealized gains. The firms’ aggressive accumulation strategies—funded through equity and debt issuances—signal a structural shift in corporate treasury management.

MicroStrategy now holds approximately 538,000 BTC, generating $5.1 billion in paper profits according to founder Michael Saylor. Tokyo-based Metaplanet follows with $191 million in gains, demonstrating Bitcoin’s cross-border appeal as a balance sheet asset. Both companies maintain their positions despite volatility risks and potential tax implications.

Bitcoin Price Prediction Today: Next Target $130,000

Bitcoin hovers NEAR a critical Fibonacci resistance at $94,250—the golden ratio—a level historically significant for trend reversals. The asset’s recent rally shows signs of either a five-wave bullish impulse or a three-wave corrective pattern, with implications for its next major move.

A confirmed five-wave structure from April lows would signal sustained upward momentum, potentially targeting $130,000. Conversely, a three-wave pattern suggests the broader bear trend persists, rendering this uptick a temporary respite. Key support lies between $84,526 and $88,400, a zone that must hold to maintain bullish credibility.

Bitcoin Nears Critical Resistance Zone as Bears Target $73,500 Support

Bitcoin’s price action is testing a decisive inflection point, with the $91,645 to $93,610 resistance zone serving as a make-or-break threshold. A failure to sustain momentum above this level may trigger a retracement toward the $73,500 support floor—a key psychological level for traders.

Despite short-term bearish pressure, Bitcoin’s structural advantages remain intact. Institutional adoption curves and Layer 2 scaling solutions continue to strengthen the network’s long-term value proposition. market participants are advised to monitor order book liquidity at these technical levels, which will likely determine directional bias through Q3.

Swiss National Bank Rejects Bitcoin for Reserves Amid Crypto Advocates’ Push

The Swiss National Bank has reaffirmed its stance against including Bitcoin in its national reserves, dismissing the cryptocurrency’s viability due to volatility and liquidity concerns. Chairman Martin Schlegel emphasized these limitations during the bank’s shareholder meeting, countering arguments from crypto proponents who see Bitcoin as a hedge against fiat currency risks.

Bitcoin advocate Luzius Meisser challenged the central bank’s position, warning that reliance on traditional reserve assets like government debt could backfire in a crisis of confidence. The debate highlights growing tensions between institutional conservatism and crypto’s disruptive potential in global finance.

Bitcoin Holds Strong Above $93,000 Amid Record Institutional Inflows

Bitcoin consolidates above $93,000 as institutional demand creates a supply crunch. Analysts eye $95,000 as the next resistance level, with ETF inflows nearing $3 billion this week alone.

The market is witnessing a ’synthetic halving’ effect as large-scale accumulation by institutions tightens available supply. This comes alongside Bitcoin’s decoupling from traditional assets, reinforcing its status as an independent store of value.

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

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