U.S. Bitcoin ETFs Experience Significant Inflows After Weeks of Outflows
- U.S. bitcoin exchange-traded funds (ETFs) recorded net inflows of $1.1 billion over three days.
- Total bitcoin holdings in U.S. spot ETFs reached approximately 1.29 million BTC, nearing October’s peak.
- The Coinbase Premium Index turned positive after being negative for the past 40 days, indicating renewed U.S. demand.
- Assets under management (AUM) are currently about $815 million ahead after accounting for recent outflows.
- Open interest on the Chicago Mercantile Exchange (CME) fell to about 107,780 BTC, suggesting a shift towards long positions in ETFs.
The recent inflows into U.S. ETFs highlight a potential resurgence in institutional interest as demand stabilizes amid fluctuating prices.
With $1.1 billion added in just three days, this marks the strongest performance for U.S. bitcoin ETFs since mid-January, indicating shifting market dynamics.(Source)
