TLDR
- US-based spot Bitcoin ETFs attracted $462 million on Wednesday, marking three consecutive days of positive inflows
- BlackRock’s IBIT dominated with $307 million in single-day capital flows
- BTC touched $73,243, reaching its highest level in 30 days, before retracing to approximately $72,200
- President Trump urged rapid approval of crypto market structure legislation, providing a sentiment boost
- Despite a 12-point increase, the Crypto Fear & Greed Index maintains an “extreme fear” reading at 20
Bitcoin (BTC) experienced significant buying momentum on Wednesday, temporarily piercing the $73,000 threshold for the first time in 30 days before consolidating around $72,200.
This price action coincided with impressive performance from US spot Bitcoin ETFs, which captured $462 million in net capital inflows. The milestone marked the third consecutive trading session of positive flows, pushing the three-day aggregate to $1.1 billion.
BlackRock’s iShares Bitcoin Trust (IBIT) dominated institutional flows with $307 million for the session. Fidelity’s FBTC contributed $48 million while the Grayscale Bitcoin Mini Trust secured $32 million in new capital.
The CoinShares BRRR fund was the sole outlier, reporting flat flows for the day. All remaining US spot Bitcoin ETFs registered positive inflows.
Cumulative ETF flows for 2025 now total approximately $700 million. This represents a significant turnaround from the earlier five-week withdrawal period that drained $3.8 billion from these investment vehicles.
Ethereum ETFs similarly demonstrated strength, accumulating $169 million on Wednesday following modest outflows during the previous session.
Presidential Remarks Boost Market Sentiment
President Donald Trump issued public statements advocating for expedited passage of pending crypto market structure legislation. He simultaneously criticized leading US banking institutions for their resistance to stablecoin yield payments.
These remarks resonated favorably throughout crypto markets, elevating optimism regarding potential regulatory clarity within the United States.
The referenced legislation, dubbed the CLARITY Act, seeks to establish a comprehensive regulatory framework for the digital asset industry. However, no concrete legislative advancement has materialized yet.
Traditional equity markets also posted gains Wednesday, which enhanced risk appetite across asset classes and contributed to Bitcoin’s upward movement. Reports suggesting Iran’s willingness to engage in diplomatic discussions with Washington further bolstered market confidence.
Geopolitical Developments Create Headwinds Thursday
Bitcoin surrendered a portion of Wednesday’s gains during Thursday’s early trading after Iran contradicted reports of seeking negotiations and launched missile strikes against Israel.
US equity futures reversed course on these developments, while crude oil prices surged, reigniting inflation concerns among investors.
BTC traded at $72,366 during early Thursday hours, maintaining a 5% daily gain but showing an 8% decline across the previous 30-day period.
Bitcoin has rebounded approximately 20% from its February trough of $60,000.
The Crypto Fear & Greed Index advanced 12 points during the 24-hour measurement window but remains firmly entrenched at 20, categorized as “extreme fear.”
Bloomberg ETF analyst Eric Balchunas observed that nearly all Bitcoin ETFs had achieved positive year-to-date flow positions as of Tuesday, with merely three funds remaining in negative territory.
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