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
