Bitcoin ETFs Experience $500 Million Inflows Amid Market Rally
- Spot Bitcoin ETFs saw over $500 million in net inflows in the past three days.
- IBIT and FETH contributed $169.6 million and $136.5 million, respectively.
- Bitcoin’s price increased by more than 3% to approximately $84,500 recently.
- The funds managed around $100 billion in assets collectively.
- 68% of traders expect Bitcoin’s price to stay above $83,000 by March 23.
The recent inflow of over $500 million into Bitcoin ETFs marks a recovery from prior outflows, with IBIT and FETH contributing significantly to this surge as Bitcoin’s price stabilized around $84,500.
Source (2.6)https://decrypt.co/310691/bitcoin-etfs-rebound-amid-market-rally?rand=52368