BlackRock Bitcoin ETF: $81.7M Inflow
BlackRock's Bitcoin ETF sees $81.7 million daily inflow amid bullish BTC trends, signaling strong institutional interest in crypto market recovery.
SourceBlackRock's Bitcoin ETF recorded a daily inflow of $81.7 million, as reported by Farside Investors, highlighting sustained institutional appetite for BTC exposure despite recent volatility in the crypto market trends.
Zooming into the 4-hour BTC chart, price action at $74,629.44 holds firm above the bullish EMA confluence, with the 50-period at $72,974.88 acting as immediate support and the 200-period at $70,621.51 reinforcing the longer-term uptrend. Yet MACD's bearish death cross at 637.08 clashes with neutral RSI at 56.28, suggesting momentum could wane; price trades snug inside Bollinger Bands, testing upper resistance at $75,446.97 while lower support at $73,703.73 offers a cushion—watch for a potential pullback to EMA50 before resuming climb, aligning with BTC price prediction models eyeing Bitcoin ETF inflows as a macro driver.
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.