Bitcoin ETFs: Flows Turn Positive
Bitcoin ETFs see positive flows across all periods, with IBIT's $3B in top 1% of ETFs, as institutional long-only investments persist amid BTC price at $77,132.
SourceBitcoin ETF flows roared back to life, with every rolling period now positive for the first time in months, according to Eric Balchunas. IBIT alone pulled in $3 billion, ranking in the top 1% of all ETFs, while cumulative lifetime flows hit $62.8 billion—just a couple billion shy of new records. Matt Hougan emphasized that institutional long-only flows never halted, merely slowed, with outflows stemming from reversed short-term basis trades and hot-money exits. This resurgence underscores persistent demand in the BTC market, weaving in trends like Bitcoin hype amid broader crypto adoption.
From a technical confluence standpoint, BTC trades at $77,132.44 in a bullish structure, holding above the EMA50 at $76,025.31 and EMA200 at $72,786.24 as key long-term supports. Yet the MACD flashes a bearish death cross at 649.08, signaling potential momentum weakness, while RSI at 51.25 stays neutral—price dances inside Bollinger Bands, testing upper resistance at $79,607.85 but with room to fall toward lower support at $74,638.93 if volatility exhausts. Institutional clients should watch for a retracement to that EMA50 level before bulls reclaim control, aligning with ETF flow strength for a BTC price prediction of measured upside post-consolidation.
Matt Hougan
@Matt_HouganBitwise Invest's CIO and FutureProof co-founder, former ETF.com CEO bringing deep investment expertise to digital assets.