U.S. spot Bitcoin ETFs retained cumulative flows of $55 billion despite a 50% plunge in BTC price during the prolonged crypto winter, according to Bloomberg analyst Eric Balchunas. This represents an 11% decline from the peak of $62.8 billion, but the resilient cumulative flows two years after the products launched underscore long-term investor conviction. The Bank of Japan raised rates to 1.25%, a 31-year high, which temporarily stalled BTC’s rebound below $80,000. Grayscale downplayed Fed rate hike fears, calling it a mid-cycle adjustment rather than a cyclical shift, while Bitwise CIO Matt Hougan projects Bitcoin will extend its rally if U.S. fiscal debt keeps rising.
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