Bitcoin retracts to USD $ 94,000 despite the mass weekly entries of ETFs

By Hannah Pérez

The Bitcoin ETF in cash in the US attracted more than USD $ 1.8 billion last week as Bitcoin broke over USD $ 97,000. The price, however, became bassist on Monday.

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• The ETF Bitcoin in cash in the US extend for three weeks the positive streak.
• The group closed last week with USD $ 1.8 billion in net tickets.
• Bitcoin, however, contracted below USD $ 94,000 on Monday morning.
• After a rebound on USD $ 97,000 on Friday, BTC starts the week around USD $ 94k.

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Bitcoin (BTC) It is starting the fallen layer week after having reconquered maximums of February last week in the middle of a positive tide of tickets for the funds quoted in the stock market (ETF) in cash in the United States.

The largest and oldest cryptocurrency in the world contracted below the USD $ 94,000 on Monday morning (ET) before a modest recovery over this area. The fall, which contrasts with the local maximum of more than USD $ 97,000 conquered on Friday, occurred in line with a broader bearish action in the cryptocurrency market.

The price setback Bitcoin It also comes after multimillionaire inputs between the ETFs of Bitcoin in cash in the US during the week, they will reaffirm a change of feeling among investors.

The ETF Bitcoin attract USD $ 1.8 billion in the week

Last week, ETFs with direct exposure to Bitcoin From the US market, they closed with a positive flow per USD $ 1.8 billion, extending their streak of positive perceptions at three consecutive weeks.

The funds had registered a historical net entrance for more than USD $ 3 billion the week that ended on April 24, followed by a much more modest entry for USD $ 15.8 million the previous week, as shown by the data of Sosovalue.

The week concluded with a daily ticket for USD $ 674.9 million for the group on Friday, the highest since April 23. The flows have been mostly positive during the last two weeks, with only one registered output of USD $ 56.2 million on April 30.

Ibit, the ETF in cash Blackrockwas the largest taxpayer of the week, attracting just over USD $ 2,500 billion of investors during the period between April 28 to May 2. The net outputs accumulated for several days of funds such as FBTC of FidelityArkb of ARK and bitb of BitwiseThey helped to reduce the group’s weekly entries.

Total accumulated net tickets increased to USD $ 40.24 billion on Friday, the highest level since February 11. The total volume of weekly operations for the 12 ETF amounted to USD $ 13.23 billion last week, compared to the almost USD $ 19 billion the previous week.

Bitcoin starts Monday around USD $ 94,000

Weekly entries in the ETFs coincided with a several -day rally in the cryptocurrency market that saw Bitcoin momentarily increase Friday to the USD $ 97,905 after the US Department of Labor published a monthly report that showed stronger employment data than expected in April.

Purchasing activity in the ETFs of Bitcoin He has sent signals of renewed interest of investors by the kind of assets despite the broader macro uncertainty, primarily demarcated by commercial tensions.

High profile investors, such as Brown University, have been actively participating in the ETFs of Bitcoin in cash, according to recent reports. The prestigious Ivy League University revealed in a regulatory presentation on Friday that maintained almost USD $ 5 million in Ibit shares of Blackrock for the closure of the first quarter of 2025.

The Investment Director of BitwiseMatt Hougan, has predicted that ETFs Bitcoin They will end the year with record tickets thanks to the adoption of large brokerage firms in the United States.

BTC is negotiated at USD $ 94,718 at the time of writing these lines, 0.78% less in 24 hours and almost 1% more in the week, according to data from Coinmarketcap. The capitalization of the cryptocurrency market is at USD $ 2.95 billion, a 0.68% drop in the day.

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Hannah Estefanía Pérez / Diariobitcoin

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