EddieJayonCrypto
25 Apr 25
Spot Bitcoin ETFs saw net inflows for the fifth consecutive day on Thursday, adding over $440 million and bringing the week's total to $2.68 billion, the highest since early December 2024. BlackRock’s IBIT ETF led with $327.32 million in daily inflows, totaling $40.96 billion historically, followed ...
Spot Bitcoin ETFs experienced a fifth straight day of net inflows on Thursday, adding over $440 million amid a modest market rebound. This surge brought the week's total net inflows to $2.68 billion, marking the highest weekly figure since December 2024. BlackRock’s IBIT ETF led with a $327.32 million inflow for the day, accumulating $40.96 billion historically, followed by Ark Invest and 21Shares’ ARKB ETF with $97.02 million.
Bitcoin’s price increased by 1% over the past 24 hours. Simultaneously, BTC futures open interest rose by 1% to reach $65.31 billion, signaling growing investor demand and bullish market participation. This uptick reflects new positions being opened in support of price movement, considered a bullish indicator.
The options market showed a bullish tilt with a put-to-call ratio of 0.74, indicating more call options are being purchased than puts. This suggests investors are positioning for a sustained upside in BTC’s price.
Despite these positive signals, BTC’s funding rate remains slightly negative at -0.0008%. A negative funding rate indicates some futures traders are still betting on short-term price declines. This contrast implies cautious sentiment among certain market participants despite strong ETF demand and improving market metrics.