Significant Inflows for Bitcoin ETFs as Goldman Sachs Enters Market
- Spot Bitcoin (BTC) ETFs saw inflows of $411.5 million on Tuesday, the second-largest daily inflow in April.
- Total net flows for the year reached approximately $245 million, with total assets under management exceeding $96.5 billion.
- Goldman Sachs filed to launch a Bitcoin-linked ETF, marking a shift from its previous criticism of Bitcoin.
- Morgan Stanley’s Bitcoin Trust ETF recorded inflows of $84 million, extending its streak to five days.
- Spot Ether (ETH) ETFs gained $53 million in inflows, while Dogecoin (DOGE) ETFs saw around $187,000.
The recent surge in ETFs reflects growing interest and improved sentiment in the cryptocurrency market, evidenced by a rise in the Crypto Fear & Greed Index above a score of 20 this week.
Bitcoin’s price briefly surpassed $75,000 before settling at $73,852 at publishing time, highlighting increased market activity and investor confidence.(Source)
