- Bitcoin– funds recorded an inflow of almost $1 billion in the last trading week.
- On Friday, there was an influx of funds into BTC-ETF amounted to $663,9 million, which was the highest figure in a week.
This week there was a net inflow of funds into the US Bitcoin-funds amounted to almost $1 billion, which was the highest figure since the beginning of January, when this figure reached $1,4 billion (data SoSoValue).
The week began with an outflow of $291 million on Monday. However, on Tuesday, inflows amounted to $411,5 million and $186 million, while on Thursday, inflows were a more modest $26 million. On Friday, investors poured into BTC-ETF approximately $663,9 million, which was a record figure for the week.
By the end of the trading week, total net assets of spot bitcoin ETF exceeded $101 billion, while trading activity increased sharply, and daily trading volumes approached $4,8 billion.
Investor activity was driven by positive news regarding a potential ceasefire between the US and Iran. Previously, the editorial board Happy Coin News Reported about Donald Trump’s statement that the two countries could meet in the Pakistani capital, Islamabad, as early as this weekend. However, on Friday, the Iranian Foreign Minister announced that the Strait of Hormuz open again for commercial shipping during the ceasefire. This decision was quickly confirmed by US President Donald Trump.
On this news, oil prices fell; Brent crude oil fell by about 10% to $85 per barrel. Bitcoin has risen nearly 5% in a week, reaching a seven-day high of $78,240, according to data CoinGecko aggregator.
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