Bitcoin ETFs just hit the motherload, stacking a mind-boggling $2 billion in flows last week alone. This tsunami of cash is making waves, and it’s not slowing down. BlackRock’s IBIT ETF snagged a whopping $1 billion, while Fidelity’s FBTC hustled $319 million. Even Ethereum’s spot ETF quietly picked up $79 million, cuz why not?
The institutional FOMO is real, and things are getting spicier by the day. Market whisperers are pointing to Trump’s rocket-shot odds of re-election as a key driver behind these relentless inflows. Ryan Lee, top analyst at Bitget Research, dropped some knowledge on Decrypt, saying, “Six days straight of inflows. We know what’s up. The Trump Trade’s got the big boys moving.” With Trump cruising at 61.4% odds over VP Harris, institutions are piling in hard. And, let’s not forget, Trump’s been a lowkey Bitcoin fanboy for a while now. The guy even told folks at the Nashville Bitcoin Conference, “Don’t sell your Bitcoin.”
SEC Drops ETF Options Bomb, Liquidity Flood Incoming
Then, boom. The U.S. Securities and Exchange Commission dropped the bomb by greenlighting Bitcoin ETF options on the NYSE. This just turbo-charged liquidity flows, and now the market’s swimming in it. QCP Capital’s been tracking it and saw $203 million flow in just on Friday. “Options got the ETF liquidity gushing. It’s a whole new ball game,” they said. Everyone’s expecting a liquidity avalanche, with more institutional whales ready to ape in.
Fear Turns to Greed: Bitcoin Sets Sights on $100k?
Meanwhile, sentiment’s flipped the switch. Investors, who were scared just a few weeks ago, are now greedier than ever. The Crypto Fear and Greed Index jumped from 38 to 72, which means folks are hungry for more risk. Vijay Pravin Maharajan, CEO of bitsCrunch, pointed out that risk assets like Bitcoin are gettin’ snatched up. “Bitcoin’s about to blast past $73,850, maybe even $100k,” he said. Geopolitical chill vibes, like a de-escalation in the Middle East, are only adding to the rocket fuel.
Bernstein Research’s been crunching numbers and noticed that these ETF inflows are pushing demand in the spot market too. “More inflows, more spot demand. Institutions are laser-focused,” they said.
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