Bitcoin ETFs See Inflows After Six-Day Outflow Streak
- Bitcoin ETFs recorded $239.9 million in net inflows on Thursday, ending a six-day outflow streak.
- BlackRock’s IBIT led with $112.4 million, followed by Fidelity’s FBTC at $61.6 million and ARK’s ARKB at $60.4 million.
- The turnaround occurred as whale wallets reportedly added over 10,000 BTC, easing sell-side pressure.
- Ethereum ETFs mirrored this trend with $12.5 million in net inflows after nearly a week of exits.
The recent inflows into Bitcoin and Ethereum ETFs suggest renewed institutional interest following a challenging week marked by significant outflows exceeding $2 billion from Bitcoin ETFs alone.
This shift indicates diminishing selling pressure and potential accumulation by long-term holders as the market stabilizes around key psychological levels like the $100,000 mark for Bitcoin. (Source)
