Bitwise Bitcoin ETF: Logs $38.2M Inflow
Bitwise Bitcoin ETF sees $38.2 million daily inflow, with 10% profits funding Bitcoin developers amid bullish BTC price trends at $77,118.81.
SourceBitwise's Bitcoin ETF clocked a solid $38.2 million inflow yesterday, per Farside Investors data, channeling 10% of its profits straight to Bitcoin developers—a move echoing the asset manager's longstanding commitment to bolstering BTC core funding, which has ramped up over the past year amid surging Bitcoin ETF inflows and broader crypto market trends.
On the 4-hour chart, BTC trades at $77,118.81 in a clear bullish structure, hugging the upper Bollinger Band resistance at $77,602.31 while the MACD flashes a golden cross with 1017.05 strength, signaling sustained momentum. RSI at 67.14 stays neutral, avoiding overbought territory, but confluence points to a potential dip toward the EMA50 support at $73,773.64—a level that's held firm in recent months—before pushing higher, especially if inflows like this keep fueling BTC price prediction upside.
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.