Franklin

HODL

April

Spot

Spot Bitcoin exchange-traded funds returned to weekly inflows as Bitcoin settled back above the crucial $85,000 support level, which analysts believe is necessary for the next leg higher.
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data</a> from SoSoValue, the 12 spot Bitcoin ETFs have seen a notable turnaround, ending their weekly streak of outflows with significant net inflows totaling $744.35 million during the week of Mar. 17–21.
Notably, Bitcoin ETFs recorded net positive flows throughout last week, starting with $274.59 million on Monday, followed by $209.12 million, $11.8 million, $165.75 million, and concluding with $83.09 million on Friday.
The majority of inflows over the week came into BlackRock’s IBIT, which drew in $537.5 million, followed by Fidelity’s FBTC with $136.5 million. Additionally, positive momentum came from ARK 21Shares’ ARKB, Grayscale’s mini Bitcoin Trust, and VanEck’s HODL with $79.5 million, $23.9 million and $11.9 million respectively.
However, it wasn’t a total win across the board, as Bitwise’s BITB, Invesco’s BTCO, Franklin Templeton’s EZBC, and Grayscale’s GBTC still saw combined outflows of $45 million.
Still, the overall turnaround is a welcome sign <a href="https://crypto.news/bitcoin-etfs-record-274-6m-of-inflows-after-5-week-outflow-streak-is-btc-price-reversal-incoming/" target="_blank" rel="noopener noreferrer nofollow">after nearly $5.4 billion in outflows</a> over the past five weeks. The pullback was largely driven by broader macro uncertainty, including Trump’s earlier tariff threats, which unsettled markets and dampened risk appetite.
You might also like: <a href="https://crypto.news/bitcoin-race-intensifies-leaders-reserve-urgency/" rel="noopener noreferrer nofollow"> Bitcoin race intensifies as Pompliano, Saylor address urgency for a reserve </a>
However, sentiment may now be tilting in Bitcoin’s favor as Trump softens his stance on the upcoming April 2 reciprocal tariffs, easing fears of a full-blown trade war. At the same time, the Federal Reserve has <a href="https://crypto.news/crypto-fear-and-grid-index-rises-17-points-to-49-as-federal-reserve-maintains-interest-rates/" target="_blank" rel="noopener noreferrer nofollow">signaled</a> it may hold off on rate hikes.
At press time, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) was up 4.4% over the past week, rising to a market cap of $1.72 trillion as it exchanged hands at $86,918 per coin.
Analysts say that for Bitcoin to keep this momentum going, it’s crucial to hold the $85,000 level.&nbsp;
Ryan Lee, chief analyst at Bitget Research, emphasized that a weekly close above $85K is essential to avoid a potential pullback to $76,000 and to keep the bullish market structure intact.
Meanwhile, 10x Research’s Markus Thielen <a href="https://post.10xresearch.co/p/bitcoin-bottom-forming-fed-eases?utm_source=post-email-title&amp;publication_id=1317904&amp;post_id=159711909&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;r=1gbxck&amp;triedRedirect=true&amp;utm_medium=email" target="_blank" rel="noopener noreferrer nofollow">noted</a> in a March 23 report that Bitcoin’s reversal indicators have turned bullish, with the 21-day moving average now at $85,200. He pointed out that similar setups in September 2023 and August 2024 preceded strong rallies.
“The technical backdrop has now reset to a point where a renewed uptrend could plausibly unfold,” Thielen said.
Read more: <a href="https://crypto.news/analysis-bitcoin-may-be-forming-a-bottom-amid-fed-shift-and-trump-tariff-relief/" rel="noopener noreferrer nofollow"> Analysis: Bitcoin may be forming a bottom amid Fed shift and Trump tariff relief </a>

Bitcoin ETFs break 5-week outflow streak as analysts eye recovery

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