{"id":2916,"date":"2025-06-14T17:24:00","date_gmt":"2025-06-14T17:24:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-price-eyes-multi-year-breakout-as-etf-inflows-hit-1-3-billion\/"},"modified":"2025-06-14T17:24:00","modified_gmt":"2025-06-14T17:24:00","slug":"bitcoin-price-eyes-multi-year-breakout-as-etf-inflows-hit-1-3-billion","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-price-eyes-multi-year-breakout-as-etf-inflows-hit-1-3-billion\/","title":{"rendered":"Bitcoin price eyes multi-year breakout as ETF inflows hit $1.3 billion"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Currently, the Bitcoin price is holding steady above $105,000 on Saturday as exchange-traded funds data show investors bought Friday\u2019s dip.<\/p>\n<p>Bitcoin (BTC) rose to $105,300, up by 2.4% from its lowest point on Friday, and 5% above this month\u2019s lowest point.\u00a0<\/p>\n<p>SoSoValue <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\" target=\"_blank\">data<\/a> shows that spot Bitcoin ETFs saw inflows of $301 million on Friday, even as Bitcoin\u2019s price dropped to nearly $100,000. This pushed total weekly ETF inflows to $1.3 billion\u2014a sharp reversal from the previous week\u2019s $128 million in outflows.<\/p>\n<p>BlackRock\u2019s iShares Bitcoin ETF, whose ticker symbol is IBIT, had daily inflows of $238 million on Friday, bringing its cumulative figure to $49.7 billion. It now has $70 billion in assets, making it the fastest-growing ETF in finance.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The SPDR Gold Trust, which was launched in 2004, has accumulated $103 billion in assets. This means that IBIT may flip the biggest gold ETF in the next few months or in 2026 if the trend continues.\u00a0<\/p>\n<p>Fidelity\u2019s FBTC ETF has had over $11 billion in inflows, while Bitwise\u2019s BITB has had $2 billion since inception.\u00a0<\/p>\n<p>A possible reason why Wall Street investors bought Bitcoin\u2019s dip is that it maintains strong fundamentals. BlackRock\u2019s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.blackrock.com\/us\/financial-professionals\/insights\/bitcoin-unique-diversifier\" target=\"_blank\">data<\/a><strong> <\/strong>shows that Bitcoin beats the stock market after a major geopolitical event such as the Iran and Israel attacks.\u00a0<\/p>\n<p>Bitcoin\u2019s supply on exchanges has plunged from 1.5 million in January to 1.1 million today. Falling Bitcoin supplies at a time of falling supplies will likely boost the price in the long term.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin price long-term chart point to a multi-year breakout<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14388724\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">BTC price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The monthly chart indicates a strong Bitcoin price breakout in the near term. This chart shows that Bitcoin formed a rounded bottom between Dec. 17 and March 2021.\u00a0<\/p>\n<p>Since November 2021, Bitcoin has been forming another rounded bottom. The price remains slightly below the ascending trendline connecting the upper side of these rounded bottoms.\u00a0<\/p>\n<p>Therefore, the coin may be about to exit an eight-year trendline, which could push it much higher in the long term. Ark Invest sees Bitcoin soaring to $2.4 million by 2030, while Michael Saylor has a mid-term forecast of $1 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Currently, the Bitcoin price is holding steady above $105,000 on Saturday as exchange-traded funds data show investors bought Friday\u2019s dip. Bitcoin (BTC) rose to $105,300, up by 2.4% from its&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2916","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2916"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2916\/revisions"}],"predecessor-version":[{"id":2917,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2916\/revisions\/2917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2678"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}