The Daily: Bitcoin ETFs' longest 2025 inflow streak exceeds $1 billion, CoreWeave nets $1.5 billion in below-target IPO and more
Portfolio Pulse from
U.S. spot Bitcoin ETFs have extended their positive inflow streak to 10 consecutive days, accumulating over $1 billion in net inflows. Fidelity's FBTC led daily inflows with $97.1 million, while BlackRock's IBIT brought in $4 million. Meanwhile, CoreWeave, an AI hyperscaler, raised $1.5 billion in a downsized IPO, significantly below its initial $2.7 billion target.
March 28, 2025 | 6:45 pm
News sentiment analysis
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NEGATIVE IMPACT
CoreWeave's downsized IPO raising $1.5B instead of targeted $2.7B highlights current market volatility in tech and AI sectors.
Reduced IPO pricing and lower-than-expected fundraising suggest potential market skepticism about the company's valuation and growth prospects.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Continued net inflows suggest moderate institutional demand for Bitcoin exposure, despite a challenging Q1 market environment.
Sustained inflows indicate ongoing institutional interest in Bitcoin, potentially supporting price stability and modest upward pressure.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90