ETF Assets Surge to Record High as Bitcoin Price Tests Resistance

Bitcoin and Ethereum exchange-traded funds (ETFs) saw a significant increase in assets under management last week, rising by $23 billion. However, new capital inflows were relatively modest at just $2.6 billion, according to data from Decrypt.

This growth brings the total assets managed by these ETFs closer to record highs, but also raises questions about market sentiment and investor appetite for digital assets. Bitcoin's price has maintained its bullish trend above key moving averages (EMAs) of 50 and 200 days, while testing the upper resistance band of the Bollinger Bands.

Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a potential retracement towards lower support levels before continuation. This development will be closely watched by investors and analysts alike, particularly in light of predictions for 2026 BTC price models.