US Bitcoin ETFs pull in $664M in largest daily inflow since January, because Iran reopened Hormuz for a few hours
CryptoSlate
US Bitcoin ETFs saw a $664 million inflow on April 17, driven by market relief after Iran reopened the Strait of Hormuz to shipping.Summary
On April 17, US-listed spot Bitcoin ETFs recorded their largest daily inflow since January, totaling $664 million. The surge was triggered by the reopening of the Strait of Hormuz for commercial shipping, which eased concerns over energy supply disruptions. BlackRock's IBIT led the inflows, though analysts from Ecoinometrics remain cautious, noting that current market activity lacks the compounding momentum required for a sustained breakout, describing the environment as "participation without urgency."
(Source：CryptoSlate)