US Spot Bitcoin ETFs See $462M in Inflows as BTC Surges
- BlackRock’s IBIT led with $307 million in inflows on Wednesday.
- Total net inflows for US spot Bitcoin ETFs reached $462 million, marking a three-day streak totaling $1.1 billion.
- Year-to-date flows for Bitcoin ETFs now stand at approximately $700 million after a prior outflow of $3.8 billion over five weeks.
- Ether (ETH) funds also saw positive sentiment, attracting $169 million after minor outflows the previous day.
- The Crypto Fear & Greed Index rose by 12 points but remains at an “extreme fear” level with a score of just 20.
The recent inflows into Bitcoin ETFs suggest a potential market recovery, as nearly all funds have turned net positive for the year to date, according to analysts.
Currently, Bitcoin is trading at $72,214, down about eight percent over the last month, yet it has recovered roughly twenty percent from February’s low of $60,000. (Source)
