Bitcoin (BTC) Price: What’s Behind the Three-Day ETF Inflow Streak Totaling $1.1 Billion

TLDR

• US spot Bitcoin ETFs pulled in $462 million on Wednesday, the third straight day of inflows
• BlackRock’s IBIT led with $307 million in a single day
• BTC briefly hit $73,243, a one-month high, before pulling back to around $72,200
• Trump called for fast passage of a crypto market structure bill, boosting sentiment
• The Crypto Fear & Greed Index rose 12 points but remains in “extreme fear” at a score of 20

Bitcoin (BTC) saw a burst of buying pressure on Wednesday, briefly crossing $73,000 for the first time in a month before settling back near $72,200.

The move came alongside a strong day for US spot Bitcoin ETFs, which recorded $462 million in net inflows. It was the third day in a row of positive flows, bringing the weekly total to $1.1 billion.

BlackRock’s iShares Bitcoin Trust (IBIT) led all funds with $307 million in inflows for the day. Fidelity’s FBTC added $48 million and the Grayscale Bitcoin Mini Trust brought in $32 million.

Only the CoinShares BRRR fund posted zero inflows on the day. Every other US spot Bitcoin ETF recorded gains.

Year-to-date ETF flows now stand at roughly $700 million. That’s a recovery from a five-week outflow streak earlier in the year that saw $3.8 billion leave the funds.

Ether ETFs also saw positive movement, pulling in $169 million on Wednesday after minor outflows the day before.

Trump Comments Lift Crypto Mood

President Donald Trump publicly called for quick passage of a long-delayed crypto market structure bill. He also criticized major US banks for opposing yield payments on stablecoins.

The comments were received positively by crypto markets, lifting sentiment around the possibility of clearer regulation in the US.

The bill in question, known as the CLARITY Act, aims to set up a formal market structure for the crypto industry. There has been no immediate progress on its passage.

Wall Street also had a positive session on Wednesday, which helped drive risk appetite and fed into Bitcoin’s gains. Reports of Iran seeking dialogue with Washington added to the optimism.

Iran Tension Weighs on Thursday

Bitcoin trimmed some of its gains on Thursday morning after Iran denied seeking talks and launched missiles at Israel.

US stock futures turned negative on the news, and a spike in oil prices added concerns about inflation.

BTC was trading at $72,366 as of early Thursday, up over 5% on the day but down about 8% over the past 30 days.

Bitcoin has recovered roughly 20% from its February low of $60,000.

The Crypto Fear & Greed Index rose 12 points over the 24-hour period but still sits at a score of 20, classified as “extreme fear.”

Bloomberg ETF analyst Eric Balchunas noted that almost all Bitcoin ETFs had flipped to net positive year-to-date flows as of Tuesday, with only three funds still in the red.

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