🟢 This week was one of the most significant in terms of inflows into spot Bitcoin ETFs. ➤ In total, the ETFs absorbed around 12,142 BTC over the week, likely supported by improving conditions in the Gulf. ➤ However, with an average cost basis of roughly $82,247, ETF holders remain, on average, still at a loss. ➤ Since March, the trend has shifted notably in a positive direction for ETFs, with inflows largely dominating. It is also worth noting that ETF trading volumes are rising and currently stand at $4.7B, moving closer to spot market volumes, which total $6.2B.
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