U.S. $BTC ETFs have recorded net inflows for five straight trading days, showing that demand is picking up again.
Hundreds of millions of dollars have flowed into the funds this week, with BlackRock’s IBIT among the major contributors.
The five-day streak gives Bitcoin another source of buying pressure through traditional investment markets.
ETF inflows don’t guarantee a price increase, but steady demand can provide support and strengthen the market outlook.
#BitcoinETFs #ETFsOnFire
Hundreds of millions of dollars have flowed into the funds this week, with BlackRock’s IBIT among the major contributors.
The five-day streak gives Bitcoin another source of buying pressure through traditional investment markets.
ETF inflows don’t guarantee a price increase, but steady demand can provide support and strengthen the market outlook.
#BitcoinETFs #ETFsOnFire