Spot Bitcoin ETFs saw an enormous increase in inflow on 20 March and jumped more than 1,300% in a single day after the American Fed decided to keep the interest unchanged, a movement that helped the market juiters around inflation and wider economic uncertainty.
According to facts From Sosovalue, 12 spot Bitcoin ETFs together traveled together $ 165.75 million in net entry, a huge jump compared to just $ 11.8 million the day before. It also marked the fifth consecutive day of positive intake, with almost $ 700 million that Bitcoin ETFs entered in that period.
Blackrock’s IBIT led the attack by no less than $ 172.14 million in net inflow, returning after a day of zero movement. Other players such as Hodl Vaneck, FBTC from Fidelity and Grayscale’s Mini Bitcoin Trust also saw more modest profit of $ 11.9 million, $ 9.19 million and $ 5.22 million respectively.
However, not everyone benefited. Funds such as Bitwise’s Bitb, Grayscale’s Ete and EZBC by Franklin Templeton saw investors pull out almost $ 32.7 million in total, which shows that sentiment still varies between providers.
The increase in the ETF question comes after a rough piece of five weeks. Investors had stopped because of concern about trade war, rising geopolitical tensions and macro loners. But Wednesday’s FED meeting brought some lighting.
Fed Stoel Jerome Powell indicated a more Dovish tone, which suggests that inflationary pressure, especially of potential rates from the Trump era, can be temporary. That opened the door to possible future tariff reductions, which means that optimism was fueled on risk-on markets such as crypto.
Bitcoin responded quickly, shot 4.5% to $ 85,786 and even reached $ 87,431 for a short time. Ethereum and Solana joined the rally with 4% and 6% profits respectively. The total crypto market cap lower climbed by 3% to $ 2,947 trillion, while Futures markets saw $ 355 million in liquidations, usually of short positions.
Adding to the bullish sentiment was yesterday’s sec notification and confirmed that mining activities for proof-of-work cryptocurrencies such as Bitcoin, Litecoin and Bitcoin Cash will not fall under the current securities laws.
However, when writing, Bitcoin (BTC) had fallen by 2% in the last 24 hours, exchanging hands at $ 84.165 per coin.
While the ETF inflow indicates a revival of the demand for regulated BTC exposure, analysts remain divided on Bitcoin’s short-term process.
Analyst RJT_WAGMI points out that Bitcoin is right to a crucial technical level and test a falling trend line, while he butelt heads with the 100-day advancing average and the Ichimoku cloud. The analyst noted that an outbreak of the zone could cause a strong rally, but if Bitcoin is rejected here, this can lead to a close movement.
Trader Great Mattby offers a larger picture, remark That Bitcoin still follows within a long-term upward logarithmic trend channel, by showing the next big peak, perhaps only in 2025-26 on-Dus there can still be room to run.
Meanwhile, cryptoquant CEO Ki Young Ju brings a macro -lens, row That although the demand for the retail trade is strong, especially via ETFs, it does not reflect on chain like before.
He believes that the bull’s cycle may be technically over, not in a crash sentence, but more that it can take another 6 to 12 months before Bitcoin would endure all time, thanks to tight liquidity and wider economic conditions.