In the last six trading days, there has been a substantial influx of institutional capital into the spot Bitcoin ETFs in the United States.
Intense Shift from Institutional Funds to Bitcoin ETFs
Spot Bitcoin ETFs gained attention after strong fund inflows during the first half of March. Funds like BlackRock’s iShares Bitcoin Trust and Fidelity’s FBTC product received significant capital inflows.
On-chain Data and Strengthened Expectations
On-chain data confirms growing interest from investors. Since February 23, 172,705 BTC has been moved to new investor wallets, indicating medium to long-term expectations.
Forecasts and Market Volatility
Analyst Trader T highlighted potential for significant liquidity inflows from US retirement and target-date funds. Analysts caution about possible price volatility.
The overall rise in institutional interest positively impacts market pricing, though volatility is expected to persist.