Asia Morning Briefing: Bitcoin ETFs Pull In $300M as Traders Rush to Buy the Dip
U.S. spot Bitcoin ETFs saw nearly $300 million in net inflows, reversing two weeks of redemptions as investors bought the dip.Summary
After two weeks of significant redemptions, U.S.-listed spot Bitcoin ETFs recorded nearly $300 million in net inflows by Tuesday, indicating a rotation back into crypto products, led by Fidelity's FBTC ($165.9M) and Ark 21Shares (ARKB) ($102.5M). This inflow contrasts sharply with the previous week's $1.17 billion outflow from digital asset products globally, though European markets saw steady inflows. Investors appear to be differentiating between core assets like Bitcoin, whose fundamentals remain strong as its circulating supply nears 95% of its max supply, and emerging networks like Solana, which continues to attract capital. Market movements saw Bitcoin rise 1.4% to around $103,000 and Ethereum gain 2.1% to $3,424, suggesting institutional investors are buying dips through ETFs while trimming exposure to higher-beta assets.
(Source：CoinDesk)