Bitcoin ETFs Experience $442 Million Inflows Amid Price Surge
- Bitcoin ETFs recorded $442 million in inflows yesterday, marking the seventh consecutive day of gains.
- Total assets under management for Bitcoin ETFs have reached $108 billion.
- Bitcoin is currently trading at $95,160, its highest level since late February.
- The recent increase in Bitcoin price aligns with President Trump’s comments on reducing Chinese tariffs.
- The Nasdaq has risen by approximately 5% over the past week, showing a strengthening correlation with Bitcoin.
Bitcoin ETFs saw a significant inflow of $442 million yesterday, contributing to a total asset management value of $108 billion as Bitcoin’s price reached $95,160. This activity coincides with positive market sentiment following President Trump’s tariff reduction remarks and a rising Nasdaq index.
Source (2.6)https://decrypt.co/316455/bitcoin-etf-flows-seventh-trading-day-market-rebound?rand=52368
