News View Non-AMP

US Bitcoin ETFs Explode with $588M Investment – Major BTC Rally Ahead?

Published by
Elena R

On Thursday, U.S. spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) recorded a significant net cash inflow of approximately $588.22 million. This was the highest daily total since the start of the week. As a result, U.S. spot BTC ETFs have now seen a total net cash inflow of around $40.18 billion since they were approved under the previous SEC administration led by former chair gary gensler

Interestingly, none of the U.S. spot BTC ETF issuers saw net cash outflows on Thursday. BlackRock’s IBIT and Fidelity’s FBTC were the top performers, each attracting about $321 million and $209 million in inflows, respectively. This brings the total net assets of U.S. spot Bitcoin ETFs to approximately $123.43 billion.

Bitcoin Demand Stands Strong

Bitcoin demand has remained strong, driven in part by the growing involvement of global central banks. Beyond directly purchasing Bitcoin, many central banks are also investing in Bitcoin-related stocks, such as MicroStrategy and Metaplanet.

In the U.S. 15 states have introduced bills aimed at creating strategic Bitcoin reserves, with Texas, Florida, Massachusetts, Ohio, and South Dakota leading the charge. Meanwhile, the Trump administration is quickly advancing plans for a national Bitcoin stockpile to protect against the rapidly rising national debt, which has now surpassed $35 trillion.

After gold prices hit a new all-time high in the past 24 hours, Bitcoin appears to be well-positioned to follow this trend in the near future. In fact, many global investors now view Bitcoin as a better long-term store of value than gold, further boosting its appeal.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Pol (MATIC) Price Prediction 2025 – 2030: Will MATIC Price Surge to $1?

Story Highlights The live price of the Polygon coin is . The MATIC price could…

April 22, 2025

Heads Up: This Week Is Packed With Economic News and Altcoin Catalysts – Here Are the Top 5 Coins to Track Hour by Hour

This week holds significant events that could shake up the cryptocurrency market. Major economic news…

April 22, 2025

Trump Media Teams Up with Crypto.com for ETF Push

Trump Media has joined forces with popular crypto exchange Crypto.com to launch new exchange-traded funds…

April 22, 2025

Cardano Price Prediction, News And Updates: 1000% Surge Soon?

Cardano has emerged as one of the best-performing cryptos this year, initially rallying above $1.…

April 22, 2025

Why SUI, Solana’s Biggest Rival, Could Skyrocket to $10 – Here’s Why!

SUI, a blockchain project that many now call Solana’s biggest rival, is suddenly back in…

April 22, 2025

National Trump Bitcoin Reserve to Launch in 2025? Kalshi Predicts a 50% Chance

On March 6, 2025, U.S. President signed an Executive Order establishing a Bitcoin Strategic Reserve…

April 22, 2025