Bitcoin ETF Flows Positive for Seventh Straight Day as Market Continues Rebound
Bitcoin ETFs experienced $442 million in inflows, marking the seventh consecutive day of positive accumulation. Total assets under management reached $108 billion, the highest since late February. Bitcoin is trading at $95,160, its strongest level since late February. This week’s ETF inflows peaked at $912.7 million and $917 million on Tuesday and Wednesday, coinciding with President Trump's tariff comments. Inflows had previously reached $381.3 million on Monday, the highest since January. Analysts attribute Bitcoin's performance to its correlation with the Nasdaq, which has risen about 5% in the past week. Factors driving demand include a weakening dollar and reduced confidence in U.S. financial institutions. Bitcoin's correlation with gold has increased amid trade uncertainties. Analysts predict potential price increases, especially if Bitcoin surpasses the Fibonacci retracement level of $95,400.
