US Bitcoin ETFs See Longest Streak of Inflows in Nine Months
- US spot Bitcoin ETFs have recorded six consecutive weeks of net inflows, totaling $3.4 billion since April 2.
- The highest weekly inflow occurred on April 17, reaching $996.38 million, while the lowest was $22.34 million during the week of April 2.
- Despite the positive trend, last week ended with significant outflows of $277.50 million on Thursday and $145.65 million on Friday.
- In contrast, Ether ETFs posted net inflows of $70.49 million for the week ending May 8 after experiencing outflows the previous week.
- Bitcoin’s price dipped below $80,000 recently, with critical liquidity levels identified around $78,000.
The sustained inflows into Bitcoin ETFs highlight growing investor interest despite recent volatility in cryptocurrency markets and geopolitical tensions affecting overall market sentiment.
With a total of $3.4 billion in inflows over six weeks, this marks a significant recovery for Bitcoin ETFs compared to prior months’ performance.(Source)
