BTC ETFs See $438M Inflow Since Monday

BTFD scores large inflows from ETFs according to Bloomberg

Bitcoin ETFs saw massive inflows since Sunday’s dip, led by BlackRock’s IBIT and followed by Fidelity’s FBTC.

  • CoinShares recorded total inflows of $441M to digital asset investment products for the week
  • Total net assets for ETFs stand at $49.32B
  • Cumulative net inflow for BTC has reached $15B according to SoSoValue.com
  • Investors are seeing the price dip as an opportunity

The data represents highest level of buying activity since early June, when Bitcoin was trading above $70,000. Institutional interest in Bitcoin through regulated ETF products remains strong, despite facing current market challenges and turbulent conditions.

https://cryptobriefing.com/bitcoin-dip-etf-inflows-surge/ Show Less

 3
2024 Cyrator - Crypto Research Community

Disclaimer: The content presented on this website, including any analyses, reviews, and ratings, is provided for informational purposes only and should not be considered financial advice. Cyrator does not endorse or recommend any financial transactions or investments based on the information available on this platform. Visitors to this site should perform their own due diligence and consult with a professional financial advisor before making any investment decisions. Cyrator is not liable for any actions taken, financial or otherwise, based on information or links from this website.