US Bitcoin ETFs Post $462 Million Inflows as BTC Tops $73K
Summary
US spot Bitcoin exchange-traded funds recorded $462 million in net inflows on Wednesday, extending the streak to three consecutive days and bringing the weekly total to $1.1 billion. This recent influx follows a five-week outflow streak where the ETFs lost $3.8 billion, though year-to-date flows are now around $700 million. Ether (ETH) funds also saw significant inflows of $169 million. Nearly all spot Bitcoin funds attracted capital, with BlackRock’s IBIT leading with $307 million, while only the CoinShares ETF (BRRR) saw zero inflows. Despite the positive trend, some major funds like FBTC and GBTC still show net year-to-date outflows. The ETF gains coincided with a sentiment recovery attempt, as indicated by the Crypto Fear & Greed Index jumping 12 points, although Bitcoin, trading around $72,214 at the time of writing, remains in the "extreme fear" territory.
(Source:Cointelegraph)