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The demand of the ETF reflects a reactivation of the upward feeling of Bitcoin.
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The BTC price reached its maximum in 2 months, driven by the growing purchase.
Bag (ETF) funds for Bitcoin (BTC) in the United States have completed a week of great demand, which has influenced the price increase in the asset.
The ETFs recorded in tickets of 3,000 million dollars (USD), their maximum level in five months, since November 2024 and The second largest flow in its history.
The capital flow obtained this week was only surpassed by the penultimate week of November, when these Bitcoin ETF captured USD 3,380 million.
This result occurs after a series of weak days for instruments. The previous week had barely captured tickets for USD 15 million, while in the previous two they ended with capital outputs.
The following graph shows the capital flow of week since its launch in January 2024. It should be remembered that these ETFs buy Bitcoin based on the demand they monopolize and sell in relation to the outputs, so their movements impact on the price of the cryptoactive.
The enormous volume of entries in the ETF reflects a reactivation of the upward feeling towards Bitcoinparticularly among traditional and institutional investors, which are the main investors of this type of instruments.
Demand rebound promotes the price of Bitcoin
The growing demand helped boost the price of Bitcoin this week to USD 95,000. This is its highest price in two months, since the beginning of March, after falling, at the beginning of April, to a minimum in the last four months, over the USD 73,000.
With this advance, BTC was almost 10% of its historical maximum over USD 109,000 Registered in January, as can be seen in the next price chart.
On the other hand, the main stock market rates in the United States also closed the week up. However, these barely recovered prices seen two weeks ago, after having touched minimums of more than a year in early April. This marks a strong contrast to Bitcoin’s performance.
With this movement, Bitcoin won a correlation with gold, which at the beginning of the week reached a new historical maximum of more than USD 3,500.
Advances in commercial negotiations between countries and pressure President Donald Trump about the Fed to lower interest rates They have led to this scenario which relieves the tensions of global markets, as Bitcoin’s narrative also gains strength as an active refuge.
«If this is the trajectory of greater uncertainty throughout the world, things like Gold and Bitcoin should continue to rise,» said Jay Jacobs, director of Blackrock, the issuing firm of the largest ETF of Bitcoin. «People are looking for those assets that will behave differently,» he added.
In line with the ETFs, the Bitcoin trading spot volume increased in the week, as well as the amount of holding of holdings in exchanges, something that usually does when there is no intention to sell in the short term.
According to Cryptoquant explorer data, a total of 27,750 BTC (equivalent to USD 2,630 million at the current price) withdrew from Binance on Friday. This round of retreats represents The third largest net exit recorded in the history of Exchange.
The ETFs of ETH Rompen Output streak
In tune, The ETHER ETF (ETH), Ethereum’s native cryptocurrency, also showed positive results this weekwith tickets worth USD 157 million. This data marks the end of an eight consecutive weeks of capital exits, as the following graph exhibits.
Nevertheless, Ether’s price behavior is still weak compared to Bitcoinwith its rebound in the week to the USD 1,800, its highest level from the beginning of April.
With such performance, ETH remains 63% below its historical maximum of USD 4,900 registered more than four years and 55% below the maximum of USD 4,000 that reached last year.