US Bitcoin ETFs, Ethereum ETFs Log Huge Inflow; Crypto Rises

Key Highlights:

• U.S. spot Bitcoin ETFs recorded $461.9 million in net inflows, extending a three-day streak above $1.1 billion, according to Farside Investors.
• The iShares Bitcoin Trust led inflows with $306 million, while the Fidelity Wise Origin Bitcoin Fund added $48 million.
• U.S. spot Ethereum ETFs also saw $169.4 million in inflows, with the iShares Ethereum Trust and Fidelity Ethereum Fund attracting fresh institutional capital.

US spot Bitcoin exchange-traded funds (ETFs) and Ethereum ETFs  have been attracting strong investor interest this week, as it recorded significant inflows. Data shows that the funds collectively saw $461.9 million in net inflows on the latest trading day, with a positive streak extending to three consecutive sessions.

The recent inflows bring the three-day total to more than $1.1 billion. The inflows hints at a positive institutional appetite for cryptos after a period of uncertainty in the global crypto market. 

Bitcoin ETFs , Ethereum ETFs Inflows: A Precursor to Crypto Rally?

Among individual funds, the largest contribution came from the iShares Bitcoin Trust, which recorded $306 million in net inflows during the session.Another major contributor was the Fidelity Wise Origin Bitcoin Fund, which saw $48 million in fresh capital enter the fund. 

At the same time, US spot Ethereum ETFs also witnessed renewed inflows. According to Farside monitoring, Ethereum-focused ETFs recorded $169.4 million in net inflows during the same period. The iShares Ethereum Trust accounted for $39.3 million of those inflows, and the Fidelity Ethereum Fund attracted $30.3 million in fresh investment.

When investors repatriated to Bitcoin and Ethereum ETFs again, it hinted that institutional investors were a big factor in the recent rebound in the market. It’s important to note that for a good few weeks crypto prices have been largely range-bound. And the aggregate crypto market cap grew by $114 billion in just 24 hours, according to market reports. Much of that increase was due to robust price movements in the two largest digital assets. Bitcoin rose above its recent consolidation range, and broke past a month-long trading band between $65,000 and $70,000. The index hit $72,570 in a one-time breakout where the asset briefly reached new heights, making it a technical inflection point that many traders interpret as a technical reflection of further elevated bullish sentiment.

The $72,294 level of support is widely-considered to be a critical threshold for sustaining upward momentum, holding above the $72,294 level of support is now a critical level. A stock market analyst at the market said holding on to that level may boost investor confidence. There are also signs of upward-pressure signs suggested in technical indicators. If this momentum continues and market conditions in general stay on track as of today, some analysts say Bitcoin might approach the $75,000 mark.

However, some people in the crypto industry are still sounding the note of caution. BitMEX co-founder Arthur Hayes recently cautioned that Bitcoin has yet to fully separate its performance from traditional technology stocks. The crypto remains closely connected with U.S. software-as-a-service companies, says Hayes. The recent recovery, he added, could well be a temporary bounce ,not a confirmed trend reversal, and investors should stay patient. Ethereum also had noticeable gains. It was trading around $2,122.51, i.e., a 7.2% gain for the last 24 hours. The surge triggered significant liquidations in the derivatives market.

Data from CoinGlass indicates that more than $133 million in short positions were liquidated during the period, compared with $21.5 million in long liquidations. This imbalance suggests that traders who had placed bearish bets on Ethereum were forced to close positions as prices climbed.

On technical charts, Ethereum appears to be forming a double-bottom pattern, a structure often interpreted as a bullish reversal signal. The pattern consists of two consecutive price troughs followed by a breakout above resistance. In Ethereum’s case, the neckline of that formation sits near the $2,200 psychological level.

Apart from cryptos, precious metals experienced mixed performance during the same period. According to data from Bitget market tracking, spot silver dropped sharply to $80.48 per ounce, marking a 2.81% intraday decline.

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