Bitcoin ETF inflows hit highest level since February
Bitcoin ETFs saw their strongest daily inflow in over a month, totaling $471 million on April 6.Summary
Spot bitcoin ETFs experienced their largest daily inflow since February 25, attracting $471 million on April 6, making it the sixth-largest inflow of the year. This surge in demand from ETFs is helping to offset weak spot demand and selling pressure from large holders, acting as a primary source of marginal buying for Bitcoin, which is currently trading below $70,000. The inflows occur amidst minimal near-term expectations for Federal Reserve interest rate changes, with markets pricing a 98% probability of rates remaining steady at the upcoming April meeting. Furthermore, a recent Binance Research report suggests a shift in Bitcoin's relationship with global monetary policy, indicating that U.S. spot ETFs, approved in 2024, have caused Bitcoin to evolve from a "macro lagging receiver" to a "leading pricer," potentially anticipating central bank pivots ahead of traditional markets rather than reacting to them.
(Source：CoinDesk)