Bitcoin ETF Inflows Slow Amid Price Volatility, Cathie Wood Predicts $1M Price

As Bitcoin's price experiences sharp fluctuations, ETF inflows decelerate, while Ark Invest's Cathie Wood stands by her ambitious $1 million price forecast.

Spot Bitcoin ETF net inflows in the U.S. have slowed to their lowest level this month as Bitcoin's price retreated from its latest all-time high.
The cumulative trading volume for U.S. spot Bitcoin ETFs has reached $136 billion, with BlackRock's IBIT ETF leading the market.
Cathie Wood of Ark Invest reaffirms her $1 million Bitcoin price prediction, citing the impact of new spot Bitcoin ETFs and potential portfolio allocation increases.
The upcoming Bitcoin halving event is anticipated to significantly influence Bitcoin's price trajectory, despite skepticism from some financial analysts.
Investor interest in Bitcoin remains high, with financial advisory firms and investment strategists adjusting their Bitcoin asset allocations.