US Bitcoin (BTC) bag (ETF) funds completed a week of heavy demand that affected asset prices rise.
ETFs are recorded on a $3,000 million ticket (USD) and are the largest in five months since November 2024 The second biggest trend in all history.
The capital flows earned this week exceeded only in the penultimate week of November, when these Bitcoin ETFs won US$3,380 million.
This result Occurs after a series of weak days of musical instruments. The previous week I barely caught a ticket worth USD 15 million, but the previous two ended up with capital output.
The following graph shows the capital flows for the week since its launch in January 2024. It is important to remember that these ETFs buy Bitcoin based on demand that they sell monopoly in relation to output.
The vast amount of entries in ETF reflects the revitalization of the upward sensation towards Bitcoinespecially among traditional and institutional investors who are the leading investors in this type of product.
Demand rebound promotes Bitcoin prices
The rising demand helped raise the price of Bitcoin to US$95,000 this week. This is the highest price in two months, exceeding the lowest US$73,000 in the last four months, after a decline from the beginning of March to the beginning of April.
With this advance, BTC was nearly 10% of its history maximum of over USD 109,000 It was registered in January as seen on the following price chart.
Meanwhile, rates on major US stock markets have also finished a week. However, after touching on a minimum of over a year in early April, these barely recovered prices were seen two weeks ago. This contrasts with Bitcoin’s performance.
This move has resulted in Bitcoin being correlated with gold. Gold reached a new historic maximum of over 3,500 US dollars at the beginning of the week.
Progress in commercial negotiations between the state and pressure President Donald Trump’s Federal Reserve to lower interest rates They led to this scenario Bitcoin’s story also acquires strength as an aggressive shelter, reducing tensions in the global market.
“If this is a trajectory of greater uncertainty around the world, things like gold and Bitcoin should continue to rise,” said Jay Jacobs, director of BlackRock, the issuer of Bitcoin’s largest ETF. “People are looking for assets that behave differently,” he added.
Along with the ETF, the trading spot volume for Bitcoin increased weekly. Additionally, holdings on exchanges are usually done when there is no intention to sell them in the short term.
A total of 27,750 BTC (valued at current prices at US$2,630 million) withdrawing from Binance on Friday has been withdrawn, according to data from Cryptoquant Explorer. This round of retreat represents The third largest net exit recorded in exchange history.
ETH Longpen output streak ETF
Adjust it, Ethereum’s native cryptocurrency, Ethereum ETF (ETH), also showed positive results this weekthere are tickets worth 157 million US dollars. This data marks the end of the capital exit for eight consecutive weeks, as shown in the following graph.
Nevertheless, Ether’s price action is still weaker than Bitcoinweekly rebounds reached a highest level of US$1,800 since the beginning of April.
With this performance, ETH is 63% below the previous $4,900 registered for more than four years, and 55% below the $4,000 that reached last year.
