Bitcoin ETF sees $1 billion in weekly inflows, best since April

iconKuCoinFlash
Share
This is the logo of the coin.
BTC
$64,191.601.01%
AI summary iconSummary
Bitcoin ETF inflows reached $1 billion for the week, the highest since April and the third-highest since the October 2024 market disruption. Inflows have remained stable since the Coldcard hack, with IBIT, FBTC, and others recording daily inflows. The inflow/outflow data continues to highlight potential market catalysts.

Odaily Planet Daily reports: Bloomberg ETF analyst Eric Balchunas posted on X that Bitcoin ETF inflows this week reached approximately $1 billion, marking the best weekly performance since April and the third-strongest weekly performance since the Silent IPO disrupted the market last October.

Since the Coldcard hack, IBIT, FBTC, and a few other Bitcoin ETFs have experienced continuous daily inflows, making the correlation too significant to ignore any potential causal relationship. He noted that it would be ironic, yet consistent with its typical pattern, if the worst-case scenario—hacked cold-storage Bitcoin—marked the beginning of the next rally.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.