Bitcoin ETFs Just Had Their Best Day in Months as Crypto Market Rebounds
Analysis
Price Impact
HighBitcoin etfs experienced their strongest inflow day in months, totaling $697.2 million, with blackrock and fidelity leading the charge. this signifies robust institutional demand and capital deployment into btc. additionally, morgan stanley's filing for new bitcoin and solana etfs further validates mainstream financial interest.
Trustworthiness
HighThe data is sourced from reputable financial reporting (farside investors, coinglass) and official sec filings by major financial institutions (blackrock, fidelity, morgan stanley). these are highly reliable indicators of market activity and sentiment.
Price Direction
BullishRecord institutional inflows directly increase buying pressure for bitcoin. the rebound from below $90,000 to over $94,000, combined with a prediction market showing a 74% chance of hitting $100,000 before $69,000, indicates strong positive momentum. new institutional etf filings (morgan stanley) reinforce a long-term bullish outlook by signaling growing adoption and liquidity.
Time Effect
LongWhile immediate price movements can be volatile, sustained, record-breaking institutional inflows into etfs and the entry of major wall street players like morgan stanley represent a fundamental shift in market structure and institutional adoption. this provides a long-term demand floor and continued capital influx for bitcoin.
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Article Content:
In brief Bitcoin ETFs recorded their strongest inflows since early October with $697.2 million on Monday, more than half coming from BlackRock's iShares Bitcoin Trust. Bitcoin rebounded above $94,000 on Monday after dipping below $90,000 in December. Morgan Stanley filed with the SEC to launch its own Bitcoin and Solana ETFs, joining the growing competition in the crypto fund space. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE Bitcoin ETFs in the U.S. marked their best day worth of inflows since early October on Monday as the funds pulled in $697.2 million. BlackRock's iShares Bitcoin Trust was already on a roll, pulling in $287.4 worth of inflows on Friday —already a three-month peak. But yesterday, the fund outdid itself by accounting for more than half of the total daily inflows, adding $372.5 million. The Fidelity Wise Origin Bitcoin Fund was the next most popular with investors on Monday, seeing $191.2 worth of shares created yesterday, according to a Bitcoin ETF tracker maintained by London-based investment management firm Farside Investors . Meanwhile, Bitcoin has retraced slightly to $92,080 at the time of writing, showing a 2.3% drop compared to the same time Monday, according to crypto price aggregator CoinGecko. But it's still 4.4% higher than it was this time last week. Users on Myriad, a prediction market platform owned by Decrypt parent company Dastan, estimate that there's a 74% chance that Bitcoin closes the gap to $100,000 sooner than it can drop back to $69,000. That percentage has jumped considerably since users were almost evenly split in mid-December. Bitcoin sagged below $90,000 in December, dashing hopes that investors would see a Santa rally for Christmas. But it has started rebounding in the new year, climbing above $94,000 on Monday. And as inflows have poured into Bitcoin ETFs, the funds now custody $122.86 billion worth of BTC, according to crypto analytics platform CoinGlass . Earlier Monday, Wall Street titan Morgan Stanley signaled it's aiming to give the existing Bitcoin and Solana ETFs a run for their money. The bank filed S-1 registration forms with the SEC to launch the Morgan Stanley Bitcoin Trust and the Morgan Stanley Solana Trust. The initial filing describes the funds' fee structures, but doesn't list them, and leaves out custodians and crypto on- and off-ramp partners. A spokesperson for the bank told Decrypt in an email that the firm cannot yet provide details about whether the bank will work with crypto-native or bank-affiliated custodians. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!