
April 30th, 2025
Addressing common concerns such as the impact of historical events like the Mt. Gox collapse, Celsius controversies, and government sell-offs, Kang argues that these factors pale in comparison to the potential demand flows into Bitcoin.
Grayscale noted that strong inflows into spot Bitcoin ETFs would significantly absorb the selling pressure coming from BTC miners after the halving 2024.
In addition to Ki Young Ju’s bullish outlook on Bitcoin, there are other analysts and industry executives who share a positive sentiment towards the crypto asset.
The surge in net inflows into Bitcoin ETFs reflects a growing acceptance and integration of Bitcoin into mainstream investment portfolios.
The several spot Bitcoin ETFs excluding Grayscale Investments now hold about 192k Bitcoins compared to MicroStrategy’s 190k according to its latest quarterly report.
In parallel, Ethereum (ETH) has experienced a 3% surge, reaching a two-week high following amendments to spot ETH ETF filings by asset managers Ark Invest and 21Shares.
BlackRock and Fidelity continues to see inflows for their spot Bitcoin ETFs eating the market share from Grayscale as GBTC continues to bleed amid high management fees.
A little-noticed SEC filing from Morgan Stanley has the potential to shake up trillions of dollars in ETF and mutual fund assets.
Despite the slowdown in net inflows, Bitcoin ETFs have demonstrated resilience, with total net inflows reaching $1.56 billion.
Violators of crypto law in South Korea now risk receiving fines up to five times the amount of illegal funds, or life imprisonment.
The IBIT ETF from BlackRock is now the fifth-largest of all US ETFs by inflows, despite heavy outflows from Grayscale’s product.
Cathie Wood stated that Bitcoin is generally easier to purchase than gold, or at least it appears that way to consumers.
BlackRock, Grayscale, Invesco, and several others now have Bitcoin ETF ads running on Google after rule changes took effect last week.
Global crypto assets flows turned positive after two weeks of outflows. Solana’s weekly inflows improved as Ethereum recorded more outflows.
The meeting with the SEC is now another step in South Korea’s journey of developing its local crypto economy.