Key facts: ETF $996M, $101B assets; BTC breaks downtrend; 36,383 BTC buy; Coinbase premium negative
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Spot Bitcoin ETFs logged $996M net inflows last week, including $663.9M Friday; total spot ETF assets topped $101B by Friday.
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BTCUSD broke its macro downtrend on the linear chart and now trades at major log-chart resistance; traders say confirmation needs price into the mid-$80k area with multiple daily closes.
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In early May a fund bought ~36,383 BTC (~$1.3B) over two weeks, raising holdings to about 780,897 BTC at an average cost near $75,577, funded via ATM stock sales and STRC.
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Through April 14, ETF Bitcoin holdings decreased, realized P&L hit a February-high, and large BTC inflows to top exchanges raised on-exchange supply—key on-chain signals for BTCUSD traders.
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Bitcoin (BTCUSD): Coinbase premium turned negative after nine days as Binance buyers traded more actively, signaling a venue shift in demand between the two major exchanges.
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source: https://www.tradingview.com/news/tradingview:b06662800ec96:0-key-facts-etf-996m-101b-assets-btc-breaks-downtrend-36-383-btc-buy-coinbase-premium-negative/
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