Bitcoin ETFs Pull In $532.21M as BTC Clears $80K

Bitcoin News

US spot Bitcoin ETFs recorded $532.21 million in net inflows on Monday, extending a three-day winning streak as BTC crossed above $80,000.

BlackRock’s iShares Bitcoin Trust (IBIT) led with $335.49 million in daily inflows, accordingto SoSoValue data. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $184.57 million, while Morgan Stanley’s Bitcoin ETF (MSBT) added $12.16 million. The remaining funds posted no new flows on the day.

Monday’s session capped a three-day run that also included $629.73 million on Friday and $14.76 million on Thursday. That streak followed three consecutive days of outflows totaling $490.63 million, the steepest sustained redemption period in recent weeks.

BTC was trading at around $80,029 at the time of reporting, up 1.5% over the prior 24 hours

Analysts at Bitunix said the price move reflected Bitcoin extending its recovery in risk appetite following a recent ceasefire agreement, with a concentrated short-side liquidity squeeze in the $79,500–$81,000 range pushing the token above the key psychological level. The $77,000–$78,000 zone is now acting as primary support for leveraged longs, the analysts said.

They added that macro and geopolitical tensions are increasingly driving crypto price action. A military operation deploying 15,000 personnel to secure regional shipping lanes has added uncertainty to markets, with concerns that the move could affect the existing ceasefire framework.

This week’s US Non-Farm Payrolls report and Federal Reserve commentary are expected to shape sentiment across risk assets. Elevated inflation expectations could push the Fed to hold rates higher for longer, while softer data may trigger a rotation back into tech and digitalassets. “BTC is no longer being driven solely by internal crypto-market sentiment, but has entered a phase jointly priced by ‘macro events + liquidity structure,'” the Bitunix analysts said.

Spot <a href="https://xpertsstudio.com/xrp-etfs-attract-1-55m-as-bitcoin-and-ethereum-see-outflows/” title=”XRP ETFs Attract $1.55M as Bitcoin and Ethereum See Outflows”>Ethereum ETFs recorded $61.29 million in net inflows on Monday, following $101.18 million on Friday, pushing cumulative net inflows for ETH ETFs above $12 billion. The rebound came after a stretch of notable outflows in late April, including $87.73 million on April 29 and $75.94 million on April 23, alongside smaller negative sessions on April 28 and April 30.
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Source: coinmarketcap.com