Bitcoin and Ethereum spot ETFs attracted $14.45M and $23.38M in inflows respectively on April 24, while the Bitcoin dip to $60,000 in April market sits at 0% YES.
Continued inflows into Bitcoin ETFs work against the likelihood of Bitcoin falling to $60,000 this month. The Bitcoin dip to $60,000 market remains inactive. Institutional buyers appear to be treating Bitcoin as a safe-haven asset during U.S.-Iran tensions.
The Bitcoin all-time high by June 30 market is at 3.5% YES, up from 3% yesterday. Those low odds show traders doubt a new high before July. Sustained ETF inflows could support a longer-term case, with September 30 at 11% YES and December 31 at 18.5% YES.
For Ethereum, the $23.38M in inflows point to growing institutional interest, though the Ethereum $4,000 April market remains inactive.
Combined 24h volume for Bitcoin’s all-time high markets was $8,027 face value, with $917 actual USDC traded. Order book depth shows it takes $959 to move the June 30 market by 5 points, which is moderate liquidity. The largest move was a 2-point spike at 3:34 PM in the September market, driven by a single large order.
At current levels, a YES share for the June 30 high pays $1 for a 28.57x return. For that bet to pay off, traders would need to see sustained inflows and easing geopolitical tensions.
Watch for announcements from BlackRock or Fidelity on ETF strategies, or Federal Reserve signals on interest rate policy. Either could move these markets.
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Source: https://cryptobriefing.com/bitcoin-ethereum-etfs-see-378m-inflows-amid-us-iran-tensions/
