Bitcoin tops $72,000 as ETFs pull $155 million, extending two week inflow streak

Bitcoin's price has been on a steady rise, hovering near $72,500 as U.S. spot bitcoin ETFs logged about $155 million in net inflows on Wednesday, extending a two-week run of roughly $1.47 billion in new allocations. This influx of institutional money has stabilized the market, with some investors increasingly viewing bitcoin as a viable investment option. However, on-chain data from Glassnode shows buy-side momentum weakening, with realized profits down sharply and only about 57 percent of bitcoin supply in profit, a level historically linked to early bear market conditions.

What Happened

• Bitcoin ETFs attracted $155 million in inflows on Wednesday, extending a two-week streak of institutional investment.
• Sky token surged 10% after a governance proposal reduced staking emissions and expanded credit infrastructure around its USDS stablecoin.
• A16z is reportedly eyeing its fifth crypto fund, with plans to close by mid-2026.

Why It Matters

The influx of institutional money into bitcoin ETFs is a significant development, indicating growing interest in the cryptocurrency among mainstream investors. However, the fragile underlying demand and weakening buy-side momentum suggest that the market is not out of the woods yet.

What Experts Say

> "The current market dynamics are complex, and while institutional inflows are a positive sign, we need to be cautious about the underlying demand." — Omkar Godbole, Editor

Key Numbers

• $155 million: Net inflows into U.S. spot bitcoin ETFs on Wednesday
• $1.47 billion: Total institutional inflows over the past two weeks
• 57%: Percentage of bitcoin supply in profit, a level historically linked to early bear market conditions
• 10%: Sky token's surge after governance proposal

Key Facts

• Who: A16z, a prominent crypto venture firm
• What: Launched a fifth crypto fund, with plans to close by mid-2026
• When: Reportedly eyeing the new fund
• Where: The firm is based in the United States
• Impact: The new fund could further boost institutional investment in the crypto market

What Comes Next

As the crypto market continues to evolve, investors will be watching closely for signs of sustained institutional interest and improvements in underlying demand. The outcome of A16z's fifth crypto fund and the impact of governance changes on Sky token's price will also be closely monitored.