Bitcoin News Today: BlackRock Bitcoin Ether ETFs Draw $1 Billion Amid Market Pullback

BlackRock’s Bitcoin and Ether exchange-traded funds (ETFs) attracted more than $1 billion in net inflows on Thursday as institutional investors continued to purchase during a market pullback, despite a 5% decline in both BTC and ETH prices [1]. This “buy the dip” behavior, noted by crypto traders and analysts, suggests strong confidence in the long-term value of the assets, particularly among institutional participants [2]. The buying pressure came after a sharp selloff triggered by mixed signals from the Treasury Department and a strong rise in U.S. Producer Price Index (PPI) data, which sent Bitcoin briefly below $117,200 [1].

Bitcoin’s price action has largely filled a significant gap in the CME Group’s Bitcoin futures market, a technical development often interpreted as a sign that the asset is regaining control after a period of bearish momentum [2]. Traders on social media noted that Bitcoin’s ability to hold key support levels indicated a potential bottoming process, with some suggesting that the worst of the recent sell-off may already be in the rearview [1].

The ETF inflows were most pronounced in BlackRock’s iShares Bitcoin Trust (IBIT) and its Ether counterpart, both of which added over $500 million in their respective assets on the day. This brought the combined net inflow for the U.S. spot Bitcoin and Ether ETFs to $11.5 billion in a single day, a figure that Bloomberg ETF analyst Eric Balchunas compared to the daily trading volume of Apple stock [2]. The sustained demand for these products highlights the growing role of ETFs as a bridge between traditional finance and digital assets, with more pension funds and institutional investors treating cryptocurrencies as part of diversified portfolios [3].

The broader buying interest in crypto ETFs also points to a shift in market behavior. Rather than chasing price highs, many large investors are now strategically deploying capital during corrections, signaling a more mature and analytical approach to the crypto asset class [2]. This trend has been supported by improving regulatory clarity and infrastructure, which have made it easier for traditional investors to access and manage exposure to digital assets through familiar financial instruments [3].

As Bitcoin continues to consolidate near the $117,200 level and trade above key moving averages, the combination of strong ETF flows and technical price action may indicate a potential turning point in the market. Traders and analysts are now watching for confirmation that the asset has stabilized and whether further support will hold as price discovery resumes [1].

Source:

[1] BlackRock Bitcoin, Ether ETFs buy $1B as BTC price mostly fills CME gap - Cointelegraph (https://cointelegraph.com/news/blackrock-bitcoin-ether-etfs-buy-1b-btc-price-mostly-fills-cme-gap)

[2] BlackRock Bitcoin, Ether ETFs buy $1B as BTC price mostly fills CME gap - advfn.com (https://mx.advfn.com/bolsa-de-valores/COIN/BTCUSD/crypto-news/96649184/blackrock-bitcoin-ether-etfs-buy-1b-as-btc-price)

[3] MLQ.ai | Stocks (https://mlq.ai/news/)