🧵 1. Bitcoin ETFs gain momentum with consecutive inflows over $250 million per day, boosting investor confidence and driving prices up after recent lows. #crypto
🧵 1. Bitcoin ETFs gain momentum with consecutive inflows over $250 million per day, boosting investor confidence and driving prices up after recent lows. #crypto
🧵 2. US SEC's approval of spot Bitcoin ETFs in January triggered billions in investments, but April saw significant outflows, now offset by positive streaks.
🧵 3. Recent CPI data and improved market sentiment have led to 10 straight days of inflows, matching March's record, with daily inflows exceeding $300 million.
🧵 4. BlackRock's IBIT leads the inflow race with $16.35bn, closing in on Grayscale's $20bn total inflows; overall inflows from all ETFs reach a staggering $13.7 billion.
🧵 5. Amid Bitcoin's surge, Ethereum sees positivity as SEC gives the green light to eight spot Ethereum ETFs, signaling a promising future for the market.
🧵 Read more at @thedreamer01's blog: https://inleo.io/@thedreamer01/bitcoin-etfs-new-wave-of-inflows-and-price-surges