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Cryptocurrency News Articles
Bitcoin (BTC) Exchange-Traded Funds Keep Accumulating BTC Despite Market Dip
Feb 04, 2025 at 04:13 am
Bitcoin exchange-traded funds have continued to collect BTC, despite the most recent market dip. According to data from LookOnChain, all Bitcoin ETFs saw a surge of inflows of $315.41 million.
Bitcoin exchange-traded funds have continued to collect BTC, despite the most recent market dip. According to data from LookOnChain, all Bitcoin ETFs saw a surge of inflows, to the tune of $315.41 million. Among these funds, Blackrock (iShares) led the way with a net positive flow of $354 million. The fund currently holds 582,874 BTC, valued at an estimated $57.87 billion.
Positive Sentiment In Spot Bitcoin ETF Market
The Spot Bitcoin ETF market has shown major positive sentiment so far in 2025. The collective of funds have registered inflows of over $300 million for the past 3 days. Adding to that narrative, the fact that there has only been one negative outflow day since January 15 confirms how stable the market has been.
Today’s inflows come amidst a highly volatile day for Bitcoin. The currency began Monday’s trading on a heavily bullish note after fears that the Trump administration’s newly imposed Tariffs on Mexico and Canada could re-spark inflationary pressure in the U.S. economy.
Bitcoin’s Dip And Recovery
This saw BTC dip to levels as low as $92,000 — only recovering back to the $100,000 mark after reports that Trump’s 25% import tariffs on Mexico had been halted for 30 days. Currently, BTC trades at $101,286, up 3% over the last 24 hours.
Altcoin Market Performance
The altcoin market suffered even heavier losses throughout the day. At one point during this afternoon, both Ethereum and XRP registered over 17% losses in a 24-hour period. XRP saw a relatively good recovery since, down by only 3.72%.
Ethereum’s Fluctuations
Meanwhile, Ethereum lost its $3,000 margin, reaching as low as $2,451 at its lowest point. Ether has since recovered to $2,761 — but the altcoin is still down by 7.64% when compared to its value on Sunday.
This inherent volatility serves as a reminder that despite the incredible bull market seen since November, cryptocurrencies are still subject to a rapid shift in investor sentiment. After spending almost 3 months on “Greed” and “Extreme Greed” levels, the Fear & Greed index for digital assets reached “Fear” levels at 39 points — its lowest level since June of 2024.
All chart data from CoinMarketCap.
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