Bitwise Bitcoin ETF: Logs $15.4M Inflow
Bitwise Bitcoin ETF draws $15.4 million in daily flows, channeling 10% profits to BTC developers amid bullish BTC price prediction trends.
SourceBitwise's Bitcoin ETF pulled in $15.4 million in daily flows, as reported by Farside Investors, with 10% of profits directed straight to Bitcoin developers—boosting ecosystem growth in a market hungry for BTC exposure. This inflow underscores rising institutional interest, echoing patterns from last quarter's crypto market trends where ETF vehicles funneled billions into digital assets, potentially signaling stronger BTC price prediction upside amid regulatory tailwinds.
Zooming into the 4-hour BTC chart, price action holds firm in a bullish structure, grinding against the upper Bollinger Band resistance at $79,444.45 while the RSI at 61.34 stays neutral, avoiding overbought territory that plagued the March rally. Confluence builds as the MACD flashes a golden cross with 864.48 strength, eyeing the EMA50 support at $75,639.18 as a key pivot—expect a tactical pullback there before resuming the grind toward fresh highs, especially if ETF inflows like Bitwise's keep pouring fuel on this macro uptrend.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.