💰 Bitcoin funds lead flows of $3.8 billion over three weeks
Recorded inflows into bitcoin exchange-traded funds on U.S. exchanges reached a net total of $986.9 million last week, completing a run of positive flows totaling $3.8 billion over three weeks, as bitcoin traded near the $80,000 level. BlackRock’s IBIT fund and Fidelity’s FBTC fund led the $174.6 million in flows on Friday, outperforming alternative-currency funds, as weekly inflows into Ethereum and XRP funds fell by 74% and 83%, respectively.