Spot Bitcoin ETF inflows surge as crypto appetite improves
Capital inflows into spot Bitcoin ETFs rose sharply this week, as institutional investors bought back into a recovery in crypto prices.
Spot ETFs clocked inflows of $1.71 billion so far this week, their best weekly performance since late-August, data from aggregator SoSoValue showed.
Single-day inflows reached their highest level this year on Monday, with nearly $1 billion being poured into spot ETFs on the day.
The trend pointed to institutional investors regaining faith in Bitcoin even as the Clarity Act– a key regulatory bill that was closely watched by the industry– failed to clear Congress earlier in September.
Capital inflows into spot Bitcoin ETFs rose sharply this week, as institutional investors bought back into a recovery in crypto prices.
Spot ETFs clocked inflows of $1.71 billion so far this week, their best weekly performance since late-August, data from aggregator SoSoValue showed.
Single-day inflows reached their highest level this year on Monday, with nearly $1 billion being poured into spot ETFs on the day.
The trend pointed to institutional investors regaining faith in Bitcoin even as the Clarity Act– a key regulatory bill that was closely watched by the industry– failed to clear Congress earlier in September.