🚨 $853 million enter US Bitcoin ETF funds
Bitcoin Spot ETF funds recorded net inflows of $853 million over 5 consecutive trading sessions.
And this is the strongest week in terms of inflows since mid-April.
Most notable:
🏦 BlackRock IBIT alone captured $693 million of the inflows.
This means more than 80% of total inflows during this period.
According to SoSoValue data.
Bottom line:
Institutional demand for Bitcoin remains strong, and ETF inflows remain one of the most important indicators the market watches.
Bitcoin Spot ETF funds recorded net inflows of $853 million over 5 consecutive trading sessions.
And this is the strongest week in terms of inflows since mid-April.
Most notable:
🏦 BlackRock IBIT alone captured $693 million of the inflows.
This means more than 80% of total inflows during this period.
According to SoSoValue data.
Bottom line:
Institutional demand for Bitcoin remains strong, and ETF inflows remain one of the most important indicators the market watches.