Bitcoin ETF Inflows Hit $785M—Will BTC Surge to $90K Next?

U.S. Bitcoin ETFs are back in the game, with six days of inflows in a row. This week alone, $785 million flowed in. Institutions are back in.

BlackRock’s iShares Bitcoin Trust (IBIT) led the charge with $486 million in the past six trading days. Fidelity’s FBTC brought in $70 million and Ark Invest’s ARKB saw $100 million in inflows.

We had a brief outflow in March when markets got uncertain and everyone pulled back. But the data shows institutions are positioning themselves for BTC price gains again.

Institutional Demand for Bitcoin Accelerates

As Bitcoin ETFs bring in billions, broader institutional adoption is ramping up. On-chain data shows 172,705 BTC have been accumulated by new investors since Feb 23—the most since the FTX collapse.

And analysts are pointing to a safari of capital from U.S. pension funds and Target Date Funds (TDFs). According to Grok, market analyst Trader T estimates $103-122 billion will flow into the U.S. equity markets from these sources.

  • If 5-10% of those funds shift to alternative assets like Bitcoin, that’s $1-2 billion of BTC in the near future.

  • With this demand and ETF accumulation, Bitcoin is about to break out.

Is Bitcoin Heading Toward $90K?

Despite the low volatility, analysts are saying an imminent breakout. BTC has been stuck around $83,000 for a week, with resistance at $84,000.

Crypto strategist Altcoin Sherpa is bullish: “I think BTC will go to $90,000 before any significant correction. It might eventually test $75,000, but first we’re heading to $89K to $90K.”

Other analysts are seeing further upside, with some thinking BTC will hit $114K in the next rally.

With institutional flows accelerating and sentiment turning bullish, the next few weeks are going to be big for Bitcoin.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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