Catenaa, Saturday, March 22, 2025- US spot Bitcoin ETFs saw their largest daily net inflows in six weeks, recording $274.6 million on Monday, as institutional interest rebounded following five consecutive weeks of outflows.
Fidelity’s FBTC led the surge with $127.3 million, followed by Ark Invest and BlackRock funds. Analysts cite Bitcoin price stabilization and quarter-end portfolio rebalancing as key drivers.
Meanwhile, Solana removed an ad promoting its Accelerate conference within hours of posting it Monday after backlash over alleged anti-queer messaging. Critics claimed the video, featuring a character undergoing therapy for “rational thinking syndrome,” was insensitive.
Despite the removal, copies continue circulating on social media.
Elsewhere, Cronos approved a controversial proposal to reissue 70 billion previously burned CRO tokens, restoring the total supply to 100 billion. The move faced opposition from independent validators but was pushed through by Crypto.com-affiliated stakeholders, raising concerns over centralization.
Bernstein analysts said the crypto market cycle remains in its early stages, forecasting Bitcoin to hit $200,000 by late 2025 or 2026.
