Claim BonusBitcoin ETF: BlackRock, Fidelity Shows Recovery Signs, BTC Price To Rally Next Week?
Highlights
- The total net inflow of spot Bitcoin ETFs was $59.7 million on April 19.
- Fidelity Bitcoin ETF (FBTC) saw $54.8 million inflow and BlackRock saw $29.3 million inflow.
- Bitcoin futures open interest dropped in the last few hours.
Bitcoin ETFs in the United States recorded inflows of nearly $60 million on Friday, showing signs of recovery from the negative inflows this week. BlackRock (IBIT) and Fidelity (FBTC) inflows climbed higher as market participants celebrate the fourth successful Bitcoin halving.
Rising inflows in BlackRock and other Bitcoin ETFs will provide a further push to a massive rally estimated post-Bitcoin halving. Experts gave a $100K price target for Bitcoin.
Spot Bitcoin ETFs Saw $60 Million Inflows
The total net inflow of spot Bitcoin ETFs was $59.7 million, according to data reported by Bloomberg and Farside Investors on April 20. The 11 listed spot Bitcoin ETF saw a resurgence in buying activity on Friday. The positive inflow came amid BTC price recovery ahead Bitcoin halving.
Inflows in Fidelity Bitcoin ETF (FBTC) were almost double the inflow in BlackRock’s iShares Bitcoin ETF (IBIT). BlackRock saw $29.3 million inflow, rising from tepid inflow in the last few day. Following the latest inflow, BlackRock’s net inflow hit over $15.42 billion and Bitcoin holdings jumped over $17.55 billion.
Fidelity Bitcoin ETF (FBTC) recorded $54.8 million inflow, while Ark 21Shares Bitcoin ETF (ARKB) and Bitwise Bitcoin ETF (BITB) witnessed $12.5 million and $4.9 million inflows, respectively.
The outflows from Grayscale GBTC have further slowed on Friday. Outflow from GBTC decreased to $45.8 million from $90 million a day ago. With this, the total outflows from the Grayscale BTC ETF currently stand at $16.70 billion. Grayscale CEO Michael Sonnenshein estimated outflows in GBTC ETF have peaked and positive inflows are expected soon enough, but the market is still waiting for it.
Also Read: Ripple Vs SEC Update: Important Make or Break Moment In Lawsuit, XRP Price
Bitcoin Price Consolidates Near $64K
BTC price fell nearly 0.5% in the last 24 hours, with the price currently trading under $64,000. The 24-hour low and high of $63,036 and $65,481, respectively. However, the trading volume has decreased by 17% after Bitcoin halving as traders cautiously look for further signals.
Latest analysis points to overall bullish sentiment despite low trading volumes in spot and futures, primarily due to concerns about the Israel-Iran tensions. BTC price “still need to reclaim $65.5K-$66K to be giga bullish,” said popular analyst Skew. Moreover, high Bitcoin transaction fees need to subside before a further upside momentum.
Coinglass data indicates Bitcoin futures and options open interests (OI) have dropped slightly in the last 24 hours. The total futures OI dropped over 2% to $31.31 billion, with mixed sentiments across crypto exchanges in the last few hours. CME Bitcoin Futures OI dropped over 4% with most coming in the last 3 hours.
Also Read:
- Terra Luna Classic Proposes 10X Gas Fees On Transactions, LUNC Price To $1?
- Michael Saylor Pockets $370M From MicroStrategy Share Sale Before Bitcoin Halving
- Shiba Inu News: Over 700M Burned, SHIB Price Target $0.00004
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Galaxy Digital Raises $100M to Launch Crypto Hedge Fund
- Crypto Crash Deepens as Tom Lee Warns of “Painful Decline” in 2026 Before Late-Year Bounce
- Best Crypto Prop Trading Firms
- Solana Mobile Launches SKR Token for Seeker Users, Here’s How to Claim Airdrop
- Ripple President Predicts $1T Crypto Inflow into Corporate Treasuries by 2026
- Chainlink Price Prediction After 24/5 Stock Data Launch: What’s Next For LINK?
- XRP Price Eyes a 25% Rebound Ahead of Brad Garlinghouse Statements at Davos Summit
- Why Silver and Gold Prices Are Rising While Crypto Falls Under Tariff Pressure?
- Solana Price Prediction As NYSE Launched Stock Tokenization Platform
- Bitcoin Price Outlook Ahead of Trump’s Davos Speech as Trade War Tensions Ease
- Top 3 Price Prediction for Ethereum, XRP and Bitcoin If Crypto Structure Gets Approved This Month
