Bitcoin Market Sees Fear as ETF Inflows Rebound

Bitcoin Market Sees Fear as ETF Inflows Rebound

The Bitcoin market is currently gripped by fear, as the Fear and Greed Index has dropped to 29, entering the red zone. This sentiment shift comes amid a 2.5% price decline, with Bitcoin falling from $85,830 to $83,812 at press time. Historically, periods of fear have often preceded price rallies, suggesting a potential buying opportunity for investors.

Bitcoin ETFs See Fresh Inflows

Despite the market downturn, Bitcoin ETFs are experiencing renewed inflows, signaling bullish sentiment among investors. According to on-chain analytics, the total netflow for Bitcoin ETFs today reached 672 BTC, equivalent to $56.38 million.

• BlackRock (BLK) leads with 455 BTC inflows ($38.16 million), increasing its holdings to 571,869 BTC worth $40.01 billion.
• Ark21 Shares and Bitwise ETFs added 160 BTC and 131 BTC, respectively.
• Franklin ETF also saw inflows of 58 BTC.

However, not all ETFs are seeing gains. Valkyrie and Invesco Galaxy faced outflows of 19 BTC and 104 BTC, respectively.

This rebound in ETF inflows suggests that institutional investors remain confident in Bitcoin's long-term potential, despite short-term market volatility.