Although Bitcoin fell due to the Coinbase case, it started to rise again thanks to BlackRock Spot Bitcoin ETF and other ETF entries. BlackRock's ETF attracted attention with an inflow of $362 million on March 27 and ARKB with an inflow of $200 million. Despite the GBTC outflow of $300 million, there was a net inflow of over $260 million in the ETF channel. These developments created the impression that investors' risk appetite may increase.

ETF Demand and Institutional Interest

The fact that the demand in the ETF channel remains alive signals that institutional demand is increasing and investors may make bolder moves in the coming hours. It is anticipated that institutions will clarify market movements and institutional entries through the ETF reports they submit to the SEC.

SEC Decisions and Bitcoin Halving Effect

SEC decisions regarding the security status of cryptocurrencies and political turmoil affect the credibility of institutions. Bitcoin halving, which will take place in April, is expected to trigger historical price increases. In addition, it is likely that the 3-month spot Bitcoin ETF performance will become clear in April and large investment companies will shape their investments by evaluating this data.

As a result, it seems that ETF inflows, institutional interest and important cryptocurrency events in the Bitcoin market have an impact on the price, and investors' future movements are shaped by these factors.