Bitcoin ETFs have experienced notable turbulence amidst the broader crypto market's volatility, with outflows reaching $287 million this week, according to recent data.
The flagship cryptocurrency, Bitcoin, saw its price drop to around $94,000, fueling concerns about institutional interest and future price movement.
Key statistics show Fidelity’s FBTC leading outflows at $208.2 million, followed by Ark Invest’s ARKB at $112.6 million, and Bitwise’s BITB at $36 million. Despite these outflows, BlackRock’s IBIT bucked the trend with inflows of $79.4 million, highlighting mixed sentiment among institutional investors.
Contrasting reports suggest that BTC ETFs recently recorded $450 million in inflows, hinting at a potential recovery. Bitcoin’s recent price fluctuations align with the Federal Reserve’s cautious stance on interest rates, creating a challenging macroeconomic environment.
Meanwhile, optimism for Bitcoin’s long-term potential remains strong. Notably, Robert Kiyosaki, the author of Rich Dad Poor Dad, predicts BTC could reach $350K by 2025. Despite current volatility, whale investors are reportedly capitalizing on the dip, further signaling confidence in Bitcoin’s future growth.
Bitcoin’s roller-coaster days may be fading, and that shift could push the world’s largest digital asset into more professional portfolios, according to Coatue Management founder Philippe Laffont.
Corporate interest in Bitcoin exploded between June 9 and 13, as public filings reveal more than 60 separate announcements tied to the cryptocurrency.
Quantum computing is no longer just a theoretical threat to Bitcoin — it’s fast becoming a real one.
A well-known crypto analyst is sounding the alarm on a potential storm brewing for Bitcoin—one that could be fueled not by speculators, but by institutions themselves.