Bitcoin ETF inflows rebound as Fed holds interest rate steady
Portfolio Pulse from
Bitcoin spot ETFs experienced a significant surge in inflows, with 12 ETFs collectively attracting $165.75 million on March 20, following the Federal Reserve's decision to maintain current interest rates. BlackRock's IBIT led the inflows with $172.14 million, marking the fifth consecutive day of positive investment. The surge comes after a period of investor hesitancy due to geopolitical tensions and economic uncertainty.
March 21, 2025 | 7:45 am
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POSITIVE IMPACT
BlackRock's IBIT ETF saw $172.14 million in net inflows, leading the Bitcoin ETF market surge following the Federal Reserve's interest rate decision.
The significant inflow indicates strong institutional investor interest in Bitcoin through BlackRock's regulated ETF product, driven by positive market sentiment from the Fed's dovish tone.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95
NEUTRAL IMPACT
Bitcoin price experienced volatility, rising 4.5% to $85,786 after the Fed meeting but later dropping 2% to $84,165. Analysts remain divided on short-term price trajectory.
Bitcoin's price is at a critical technical juncture, with potential for both bullish breakout and bearish rejection depending on market dynamics and investor sentiment.
CONFIDENCE 80
IMPORTANCE 95
RELEVANCE 100