{"id":128926,"date":"2025-05-09T14:18:57","date_gmt":"2025-05-09T14:18:57","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128926"},"modified":"2025-05-09T14:18:57","modified_gmt":"2025-05-09T14:18:57","slug":"institutional-investors-continue-to-scoop-up-bitcoin-above-100k","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128926","title":{"rendered":"Institutional investors continue to scoop up Bitcoin above $100K"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin crossed the $100,000 mark again on May 8 as institutional investors continue stacking sats.<br \/>\nFarside Investors\u2019 data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of \u201csustained institutional interest,\u201d according to the founder of Obchakevich Research, Alex Obchakevich.<br \/>\n\u201cThese inflows indicate the activity of institutional investors, including hedge funds and asset managers, who continue to accumulate BTC through regulated instruments,\u201c he said.<br \/>\nThe ARK 21Shares Bitcoin ETF (ARKB) led with $54 million in inflows, followed by Fidelity\u2019s Wise Origin Bitcoin Fund (FBTC) at $39 million and BlackRock\u2019s iShares Bitcoin Trust (IBIT) at $37 million. Data from Arkham Intelligence shows BlackRock acquired more than 86 Bitcoin worth $8.4 million in a single transaction on May 7.<br \/>\n24-hour Bitcoin price chart. Source: CoinMarketCapRelated: Bitcoin price reclaims $100K for first time since January<br \/>\nETF inflows show bullish momentum<br \/>\nOn May 8, Bitcoin ETFs saw over $117 million worth of inflows, this time led by IBIT with $69 million, followed by FBTC with $35 million and ARKB with $13 million. Obchakevich also pointed to the strengthening correlation between Bitcoin and tech stocks. \u201cBTC correlation with the Nasdaq was 0.75, indicating the influence of sentiment in the tech market,\u201d he said, adding:<br \/>\n\u201cThe positive movement of the Nasdaq on May 8\u20139 supported BTC, which led to growth above $100,000.\u201c<br \/>\nObchakevich said the positive trend goes as far back as May 2, when IBIT inflows were as high as $675 million. He said that a continuation of this trend was the most likely outcome:<br \/>\n\u201cThe trend of institutional buying was likely to continue on May 8-9, unless there were sharp macroeconomic or geopolitical shocks.\u201d<br \/>\nRelated: Bitcoin options could pave the path for new BTC price highs \u2014 Here is how<br \/>\nGrayscale Bitcoin Trust plays by different rules<br \/>\nObchakevich explained that \u201cthe absence of significant outflows in key ETFs other than Grayscale Bitcoin Trust (GBTC) supports the hypothesis that the whales and funds remain bullish.\u201d GBTC outflows, he said, are justified by different factors.<br \/>\nObchakevich said GBTC outflows \u201care of particular importance because it is the largest Bitcoin ETF, and its high fees ~1.5% are driving investors to switch to cheaper alternatives, which affects the price of Bitcoin and market dynamics.\u201d According to the analyst, GBTC outflows are caused by \u201ca combination of factors starting with tariffs, the political crisis, and the conflict between Pakistan and India.\u201d He added:<br \/>\n\u201cThe GBTC outflow is related to these factors as investors are not confident in the stability of GBTC.\u201c<br \/>\nMagazine: Adam Back says Bitcoin price cycle \u201910x bigger\u2019 but will still decisively break above $100K<a href=\"https:\/\/cointelegraph.com\/news\/institutional-investors-continue-to-scoop-up-bitcoin-above-100-k?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin crossed the $100,000 mark again on May 8 as institutional investors continue stacking sats. Farside Investors\u2019 data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128926"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128926"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128926\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128926"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}