Bitcoin ETF Inflows Surge as Bitcoin Price Stalls Below $70,000
- Bitcoin traded around $68,780 on April 6.
- U.S. spot bitcoin ETFs saw inflows of $471 million, the highest since February.
- This inflow is the sixth-largest daily total for the year.
- Market expectations show a 98% probability that the Federal Reserve will maintain current rates at its upcoming meeting.
- A report indicates bitcoin’s correlation with global monetary easing has turned sharply negative since the approval of U.S. spot ETFs.
The recent surge in bitcoin ETF inflows highlights a shift in market dynamics, where institutional demand may now lead price movements rather than follow them after macroeconomic changes.
With $471 million added to bitcoin ETFs, this trend suggests that institutional flows are becoming a significant factor in price stabilization despite weak spot demand.(Source)
