# Bitcoin ETFs Observe Inflow Increase, Fed Remains Constant
Bitcoin ETFs saw a huge surge in inflows, rising by over 1300% in a single day, following the Federal Reserve’s decision on March 20 to keep interest rates constant. This increase has helped to alleviate market anxieties about broader economic uncertainties and inflation.
A total of 12 spot Bitcoin ETFs saw a combined net inflow of $165.75 million on Thursday. According to data from SoSoValue, this represents a considerable increase from the $11.8 million reported the day before. This also represents the fifth day in a row of positive inflows, with approximately $700 million flowing into Bitcoin ETFs during this time.
With a net inflow of $172.14 million, BlackRock’s IBIT took the lead. Other companies, including Grayscale’s mini Bitcoin Trust, Fidelity’s FBTC, and VanEck’s HODL, also saw modest gains of $5.22 million, $9.19 million, and $11.9 million, respectively.
However, not everyone gained equally. Funds such as Bitwise’s BITB, Franklin Templeton’s EZBC, and Grayscale’s ETHE saw a combined outflow of nearly $32.7 million, indicating conflicting sentiment among various providers.
The surge in ETF demand follows five weeks of outflows, as investors have been concerned about potential trade wars, macroeconomic uncertainties, and rising geopolitical tensions. The Fed meeting on Wednesday provided some much-needed respite.
Fed Chair Jerome Powell indicated a more dovish position, implying that inflationary pressures, particularly those resulting from potential Trump-era tariffs, may be transient. This paved the way for potential future rate cuts, boosting optimism in risk-on markets such as cryptocurrencies.
Ethereum and Solana joined the surge, rising 4% and 6%, respectively. Bitcoin reacted quickly, rising 4.5% to $85,786 and briefly reaching $87,431. The total market capitalization of cryptocurrencies increased by 3% to $2 trillion. Will Ripple Achieve a Fresh Summit? SEC Court Case Concludes, IntelMarkets Could Stir the Arena
The spot exchange experienced a transaction quantity of 947 trillion, whereas the futures exchange has eliminated $3.55 million, basically from brief positions.
Market opinion was similarly improved by the previous day’s declaration from the U.S. Securities and Exchange Commission (SEC). The SEC explained that mining operations for proof-of-work cryptocurrencies like Bitcoin, Litecoin, and Bitcoin Cash do not fall beneath present securities regulations.
Analyst RJT_WAGMI indicates that Bitcoin is at an important technical degree, checking a descending trendline while combating the 100-day transferring average and the Ichimoku Cloud. A breakout here may additionally cause a sturdy rally, however rejection may additionally lead to a downside.
Trader Great Mattsby gives a broader attitude, noting that Bitcoin is still working inside a long-term ascending logarithmic fashion channel, suggesting the subsequent major top may additionally not arrive until 2025-26, leaving area for growth.
Meanwhile, CryptoQuant CEO Ki Young Ju brings a macro attitude, arguing that while retail call for is strong, especially via ETFs, it’s not pondered on-chain as it has been in the past. He believes the bull cycle may additionally technically be over, not with a crash, however Bitcoin may additionally need 6-12 months to break its all-time high due to liquidity constraints and broader financial conditions.
However, as of press time, Bitcoin (BTC) is down 2% in the last 24 hours, buying and selling at $84,165 per coin.
Despite ETF inflows indicating a resurgence in call for for regulated Bitcoin exposure, analysts remain divided on Bitcoin’s short-term path.
