XRPUSD 281224 Daily ChartUnlock Exclusive XRP Price Insights: Discover what the SEC’s next move could mean for XRP’s future. Don’t miss our expert analysis here – read now!On Friday, bitcoin (BTC) dropped below the crucial $95k level amid uncertainty about the Fed rate path. US Inflation concerns weighed on riskier assets, including the Nasdaq Composite Index, BTC, and the broader crypto market. The Nasdaq Composite Index slid by 1.49% on Friday.BTC faced additional pressure from the DeFi broker tax reporting rule, which could disrupt the supply-demand balance.US BTC-Spot ETF Trends Add VolatilityRisk aversion also affected the US BTC-spot ETF market. According to Farside Investors:Fidelity Wise Origin Bitcoin Fund (FBTC) registered net inflows of $208.2 million.
ARK 21Shares Bitcoin ETF (ARKB) had net inflows of $112.6 million.
Excluding BlackRock’s (BLK) iShares Bitcoin Trust’s (IBIT) net inflows totaled $367.3 million. The US BTC-spot ETF market could report net outflows for the fifth time in six sessions, keeping BTC below the $100k psychological level and its all-time high of $108,231.Corporate Adoption Boosts Long-Term ProspectsAmid market volatility, Bitwise filed for a Bitcoin Standard Corporations ETF. On Friday, ETF Store President Nate Geraci shared news of a new ETF filing, saying,“Bitwise files for Bitcoin Standard Corporations ETF. Would own stocks of companies that have adopted the ‘bitcoin standard,’ which they define as holding at least 1,000 BTC in corporate treasury. The BTC treasury operations virus is spreading.”The filing coincided with Fox Business journalist Eleanor Terrett sharing a list of the top 60 companies holding BTC.According to the list, the Bitwise ETF could invest in 22 companies with 1,000 BTC or more. These include MicroStrategy (MSTR), Marathon Digital (MARA), Tesla (TSLA), and Coinbase (COIN). Other firms are on exchanges in Thailand, Singapore, Norway, Japan, Hong Kong, Germany, and Canada.The Bitwise ETF and increasing corporate adoption of BTC could tilt the supply-demand balance in BTC’s favor.Bitcoin Price OutlookOn Friday, December 27, BTC dropped by 1.52%, following Thursday’s 3.74% decline, closing at $94,242.Near-term BTC price trends will hinge on US BTC-spot ETF activity, US government crypto maneuvers, and strategic bitcoin reserve (SBR)-related updates.Spot ETF outflows and a US government BTC sale could weigh on BTC demand, potentially dragging BTC toward the $90,742 support level. Conversely, BTC inflows and progress toward BTC becoming a strategic reserve asset may drive BTC toward $100k.
