U.S. BTC ETFs register back-to-back inflows for first time in a month
CoinDesk
U.S. bitcoin ETFs saw consecutive net inflows for the first time in a month, following a recent price bounce.Summary
U.S. bitcoin exchange-traded funds (ETFs) recorded back-to-back net inflows totaling $471.1 million on Friday and $144.9 million on Monday, marking the first consecutive inflow streak in almost a month. This shift occurred as the price of bitcoin rebounded from a low of $60,000 to around $70,000. Despite recent redemptions following a mid-January peak near $98,000, investor confidence in the long-term prospects of cryptocurrency remains resilient. The cumulative assets under management (AUM) for the 11 spot ETFs have only decreased by about 7% since early October, contrasting with bitcoin's price, which is down over 40% from its October record highs.
(Source：CoinDesk)