Bitcoin ETFs Experience $300M in Net Inflows Amid Market Recovery
- Bitcoin ETFs recorded $299.8 million in net inflows, ending a two-week redemption streak.
- U.S.-listed Bitcoin products saw redemptions totaling $932 million, while Ether equivalents lost $438 million.
- European markets attracted capital with inflows of $41 million in Germany and $50 million in Switzerland.
- Bitcoin’s circulating supply is set to cross approximately 19.95 million coins, nearing its max supply of 21 million.
- Bitcoin rose by 1.4% to around $103,000, while Ethereum gained by 2.1% to reach $3,424.
The recent inflows into Bitcoin ETFs indicate a shift in investor sentiment as they differentiate between core assets and emerging networks amid macroeconomic pressures. Institutional investors are increasingly viewing Bitcoin as a structural portfolio asset rather than merely speculative.
Overall, the market is showing signs of recovery with Bitcoin’s price up by approximately $103,000 and Ethereum at $3,424 following significant ETF inflows.(Source)
