{"id":609129,"date":"2024-05-21T19:00:22","date_gmt":"2024-05-21T19:00:22","guid":{"rendered":"https:\/\/wncen.com\/?p=609129"},"modified":"2024-06-11T07:01:30","modified_gmt":"2024-06-11T07:01:30","slug":"942-million-into-bitcoin-80000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/942-million-into-bitcoin-80000\/","title":{"rendered":"Institutional Investors Pour $942 Million Into Bitcoin, Will This Trigger A Rally To $80,000?"},"content":{"rendered":"

Institutional investors<\/span><\/a> are doubling their bets on Bitcoin, with investment funds related to the flagship crypto recording massive <\/span>inflows<\/span><\/a> last week. This development signals a bullish sentiment among these investors which could trigger a Bitcoin rally to $80,000.\u00a0<\/span><\/p>\n

Bitcoin Investment Funds Record $942 Million In Inflows<\/h2>\n

According to CoinShares’ latest weekly <\/span>report<\/span><\/a>, Bitcoin investment products recorded a net inflow of $942 million. These inflows are said to have been \u201can immediate response to the lower-than-expected CPI report on Wednesday,\u201d with 89% of the total flows coming in the latter three trading days of last week.\u00a0<\/span><\/p>\n

Related Reading: Crypto Analyst Sounds Warning Alarm For Potential 50-60% Crash In Chainlink Price, Here\u2019s Why<\/a><\/div>\n

The <\/span>Consumer Price Index (CPI)<\/span><\/a> inflation data, which came in lower than expected, is believed to have restored investors\u2019 confidence in the market. The data showed that inflation in the US may be slowing, raising the prospect of the <\/span>Federal Reserve<\/span><\/a> cutting interest rates. Lower interest rates are good for the crypto market since they will make investors more willing to invest in <\/span>risk assets like Bitcoin<\/span><\/a>.\u00a0<\/span><\/p>\n

The US accounted for most of the inflows into BTC, with $1 billion flowing into <\/span>US Spot Bitcoin ETFs<\/span><\/a> last week. <\/span>Grayscale\u2019s Bitcoin Trust (GBTC)<\/span><\/a>, which has recorded over $16 billion in outflows since the ETF approval in January, also saw inflows (for the first time) of $18 million last week.\u00a0<\/span><\/p>\n

This trend of significant inflows into these Spot Bitcoin ETFs likely continues this week. Farside investors revealed in an X (formerly Twitter) <\/span>post<\/span><\/a> that these funds recorded a net inflow of $237.2 million on May 20. Interestingly, none of these Spot Bitcoin ETFs saw outflows on the day, with GBTC recording an inflow of $9.3 million.\u00a0<\/span><\/p>\n

It is also worth noting that while BTC saw inflows of $942 million, there were almost no flows into short Bitcoin, with CoinShares noting that this implies a positive outlook amongst investors. Altcoins like Solana, Chainlink, and Cardano also recorded considerable inflows, with $4.9 million, $3.7 million, and $1.9 million flowing into these crypto tokens, respectively.\u00a0<\/span><\/p>\n

BTC’s Bull Run Might Be Back On<\/h2>\n

With the <\/span>Spot Bitcoin ETFs<\/span><\/a> again seeing impressive demand and recording significant inflows, there is a feeling that Bitcoin\u2019s bull run might be in full force. These investment funds were known to have contributed significantly to the flagship crypto’s hitting a <\/span>new all-time high (ATH)<\/span><\/a> of $73,750 in March.\u00a0<\/span><\/p>\n

Related Reading: Cardano Whales Return To The Table, Increase Massive Holdings By 10%<\/a>e<\/div>\n

Therefore, these funds could again <\/span>spark another rally<\/span><\/a> for Bitcoin, sending it to $80,000 and beyond. Besides the Spot Bitcoin ETFs, other factors contribute to a bullish continuation for BTC. One is the <\/span>macroeconomic data<\/span><\/a>, which shows that the economic situation in the US could be improving.\u00a0<\/span><\/p>\n

Meanwhile, from a technical analysis perspective, the worst looks over for Bitcoin with crypto analyst Rekt Capital, <\/span>revealing<\/span><\/a> that the crypto token has left the post-halving danger zone.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price clears $71,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Institutional investors are doubling their bets on Bitcoin, with investment funds related to the flagship crypto recording massive inflows last week. This development signals a bullish sentiment among these investors which could trigger a Bitcoin rally to $80,000.\u00a0 Bitcoin Investment Funds Record $942 Million In Inflows According to CoinShares’ latest weekly report, Bitcoin investment products recorded a net inflow of $942 million. These inflows are said to have been \u201can immediate response to the lower-than-expected CPI report on Wednesday,\u201d with 89% of the total flows coming in the latter three trading days of last week.\u00a0 Related Reading: Crypto Analyst Sounds Warning Alarm For Potential 50-60% Crash In Chainlink Price, Here\u2019s Why The Consumer Price Index (CPI) inflation data, which came in lower than expected, is believed to have restored investors\u2019 confidence in the market. The data showed that inflation in the US may be slowing, raising the prospect of the Federal Reserve cutting interest rates. Lower interest rates are good for the crypto market since they will make investors more willing to invest in risk assets like Bitcoin.\u00a0 The US accounted for most of the inflows into BTC, with $1 billion flowing into US Spot Bitcoin ETFs last week. Grayscale\u2019s Bitcoin Trust (GBTC), which has recorded over $16 billion in outflows since the ETF approval in January, also saw inflows (for the first time) of $18 million last week.\u00a0 This trend of significant inflows into these Spot Bitcoin ETFs likely continues this week. Farside investors revealed in an X (formerly Twitter) post that these funds recorded a net inflow of $237.2 million on May 20. Interestingly, none of these Spot Bitcoin ETFs saw outflows on the day, with GBTC recording an inflow of $9.3 million.\u00a0 It is also worth noting that while BTC saw inflows of $942 million, there were almost no flows into short Bitcoin, with CoinShares noting that this implies a positive outlook amongst investors. Altcoins like Solana, Chainlink, and Cardano also recorded considerable inflows, with $4.9 million, $3.7 million, and $1.9 million flowing into these crypto tokens, respectively.\u00a0 BTC’s Bull Run Might Be Back On With the Spot Bitcoin ETFs again seeing impressive demand and recording significant inflows, there is a feeling that Bitcoin\u2019s bull run might be in full force. These investment funds were known to have contributed significantly to the flagship crypto’s hitting a new all-time high (ATH) of $73,750 in March.\u00a0 Related Reading: Cardano Whales Return To The Table, Increase Massive Holdings By 10%e Therefore, these funds could again spark another rally for Bitcoin, sending it to $80,000 and beyond. Besides the Spot Bitcoin ETFs, other factors contribute to a bullish continuation for BTC. One is the macroeconomic data, which shows that the economic situation in the US could be improving.\u00a0 Meanwhile, from a technical analysis perspective, the worst looks over for Bitcoin with crypto analyst Rekt Capital, revealing that the crypto token has left the post-halving danger zone.\u00a0 Featured image from Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":609139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790,6664],"class_list":["post-609129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-crypto"],"acf":[],"yoast_head":"\nInstitutional Investors Pour 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Institutional Investors Pour $942 Million Into Bitcoin, Will This Trigger A Rally To $80,000?","url":"http:\/\/wncen.com\/news\/942-million-into-bitcoin-80000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/942-million-into-bitcoin-80000\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Bitcoin_39d68c.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Bitcoin_39d68c.jpeg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","crypto"],"dateCreated":"2024-05-21T19:00:22Z","datePublished":"2024-05-21T19:00:22Z","dateModified":"2024-06-11T07:01:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Institutional Investors Pour $942 Million Into Bitcoin, Will This Trigger A Rally To $80,000?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/942-million-into-bitcoin-80000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/942-million-into-bitcoin-80000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin_39d68c.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Bitcoin_39d68c.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"crypto\"],\"dateCreated\":\"2024-05-21T19:00:22Z\",\"datePublished\":\"2024-05-21T19:00:22Z\",\"dateModified\":\"2024-06-11T07:01:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Bitcoin_39d68c.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/609129"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=609129"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/609129\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/609139"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=609129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=609129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=609129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}