Bitcoin ETF Inflows Surge to New Highs
- Bitcoin exchange-traded products saw a net inflow of 20,685 BTC last week.
- U.S. ETF products contributed nearly 97% of these inflows.
- The combined holdings of U.S. spot Bitcoin ETFs reached a record high of 1.32 million BTC.
- Fidelity’s FBTC product accounted for $843 million in net inflows, representing a significant portion of the total demand.
- Despite strong demand, Bitcoin’s seven-day volatility remains low, marking the second-longest stretch below historical averages this year.
Last week’s surge in Bitcoin ETF inflows was driven by expectations of rate cuts and new crypto IPOs, with institutional demand outpacing new supply significantly.
These developments highlight a growing risk appetite among investors, which has supported recent price recoveries despite historically low volatility levels in the market (Source).
