ETF capital flows increase as Bitcoin rises to a three-week high.

SHENGBAO Bank analysts stated in a report that with the easing of macroeconomic concerns and the continued inflow of ETFs boosting sentiment in cryptocurrencies, Bitcoin has risen to a three-week high. They said that the trade agreement between the United States and Vietnam has increased market optimism, with tariffs lower than feared levels. The weak ADP private employment report released on Wednesday increased bets on a Fed rate cut, further supporting risk appetite. With the rise of BlackRock's Bitcoin ETF and the new iShares Ethereum ETF, institutional demand for cryptocurrencies remains strong.