BlackRock Bitcoin ETF Sees Strong Inflows as Morgan Stanley Enters Market
- Inflows Rebound: U.S. spot bitcoin ETFs saw a resurgence in investor activity, attracting $358.1 million in net inflows on Thursday, with BlackRock's iShares Bitcoin Trust leading at $269.3 million, indicating a renewed market appetite for bitcoin.
- BlackRock's Long-Term Appeal: Despite bitcoin's price drop from $97,000 in 2026 to approximately $72,100, BlackRock's ETF has drawn $1.5 billion in net new capital year-to-date, reflecting its investor base's preference for long-term holdings over short-term trading.
- Morgan Stanley's New ETF Performance: Morgan Stanley's newly launched spot bitcoin ETF (MSBT) generated $34 million in trading volume and $30.6 million in net inflows on its debut, marking the best opening day for any ETF the firm has introduced, potentially triggering increased fee competition.
- Intensifying Market Competition: Despite MSBT's strong debut, the broader market recorded $94 million in net outflows on the same day, highlighting ongoing shifts among institutional participants, as observers watch how Morgan Stanley leverages its $6 trillion in client assets to challenge established leaders in the bitcoin ETF space.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59809.382 | 63210.521 | 66987.722 | 70388.861 | 74166.062 | 77567.201 | 81344.402 |
| Fibonacci | 63210.521 | 65952.647 | 67646.735 | 70388.861 | 73130.987 | 74825.075 | 77567.201 |
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