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Price gains were bolstered by reports that peace negotiations between the US and Iran might once again begin this week. The second-largest daily inflow in April for spot Bitcoin exchange-traded funds (ETFs) was $411.5 million on Tuesday, according to SoSoValue statistics.
As of Wednesday, Bitcoin was hovering around $74,000, a key level that, if sustained, would signal a positive trend. Spot ETFs recorded inflows of more than $410 million on Tuesday, supporting the move in the underlying price. The rally also coincided with reports that US-Iran peace negotiations might begin this week, while a market analyst said short squeezes for Bitcoin appear imminent.
K33 Research said recent days showed signs of escalating pessimism rather than sustained stagnation. After Bitcoin’s rebound on Monday, Binance funding rates for the BTC/USDT pair remained negative for 11 consecutive periods over the weekend and showed no acceleration.
The analyst noted that even as Bitcoin’s price rose, funding rates stayed negative and open interest increased.
Following Goldman Sachs’s entry into the Bitcoin ETF industry, US-listed spot Bitcoin ETFs returned to large daily inflows. The $411.5 million inflow on Tuesday was the second-largest daily inflow in April for spot Bitcoin ETFs, per SoSoValue.
New investments lifted year-to-date net flows for 2026 to nearly $245 million. Total assets under administration reached a new high of more than $96.5 billion, the highest level since mid-March.
Gains followed US securities authorities approving Goldman Sachs’s application to establish a Bitcoin-linked ETF. The development came after Morgan Stanley introduced the Morgan Stanley Bitcoin Trust ETF (MSBT) last Wednesday.

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