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
  • 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. Show Less

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