BlackRock Bitcoin ETF Inflows Shoot As BTC Eyes Final Consolidation

By: cryptosheadlines|2025/05/15 15:00:13
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com BlackRock Bitcoin ETF (IBIT) is once again leading the overall ETF inflows, scooping 2,250 BTC from the market worth $232 million, on Wednesday. Institutional demand for BTC continues as the asset flirts around $103,000 after double-digit gains last week, and setting the base for a new all-time high.BlackRock Bitcoin ETF Dominates Net InflowsBlackRock iShares Bitcoin Trust (IBIT) has been single-handedly dominating the inflows into US Bitcoin ETFs over the past month since mid-April. As per the Farside Investors data, US Bitcoin ETFs clocked net inflows of $319 million on Wednesday, where IBIT alone contributed a massive $223 million. Following yesterday’s purchase of 2,250 BTC, the total BTC holdings for the BlackRock Bitcoin ETF currently stand at 628,000 BTC.Source: Thomas FahrerAmid the strong inflows, the IBIT share price has also surged 23% over the last month, highlighting renewed interest among institutional players. Apart from IBIT, other ETFs like Fidelity’s FBTC and Grayscale mini Bitcoin ETF (BTC) contributed to $35 million in inflows each.Bitcoin Long-Term Holder Cost Basis JumpsOn-chain analytics firm Glassnode reports that Bitcoin’s Long-Term Holder (LTH) realized price has risen to $45,340. It also reflects the aging of coins purchased in the $90,000-$100,000 range, now transitioning into the long-term holder category. The rising cost basis highlights the growing maturity of BTC holders for the long term.Source: GlassnodeAdditionally, highlighting the strength of the current Bitcoin price rally, popular analyst Miles Deutscher stated that the BTC funding rate has not spiked this time. This shows that most of it has come through spot buying and not leverage, with giants like BlackRock Bitcoin ETF contributing to this.Source: Miles DeutscherBTC Price Needs to Clear This Resistance for ATHAs of press time, Bitcoin price is trading 1.2% at $102,388 with its daily trading volume dropping 10% to $44.5 billion. Popular crypto analyst Ali Martinez noted that BTC could see a brief pullback to $100K, with the Relative Strength Index (RSI) now signaling overbought conditions.Source: Ali MartinezCrypto analyst Captain Faibik has identified an ascending triangle pattern on Bitcoin’s hourly chart. He noted that if Bitcoin successfully bounces from its current level, it could test the key horizontal resistance at $104,900. Clearing this resistance is critical for bulls to confirm a breakoutmoving towards fresh all-time highs.Source: Captain Faibik✓ Share: Bhushan Akolkar Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.Source link

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