Bitcoin ETFs Finally Snap 8-Week Losing Streak With Almost $200M in Inflows
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Spot ETFs tracking Bitcoin and Ethereum reversed weeks of net outflows to net inflows, coinciding with a price rebound as Bitcoin trades above $64,000 and Ethereum challenges the $1,800 resistance. This ETF-led inflow reversal signals renewed institutional crypto adoption and stronger token performance potential, likely improving ETF demand, liquidity and market sentiment.
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After weeks and weeks of consistent dominance of net outflows, the spot exchange-traded funds tracking the two largest cryptocurrencies by market cap have flipped the script.
This came amid a positive price rebound for both assets, as the market leader trades above $64,000, while the altcoin has challenged the $1,800 resistance.
In This News
Coins
$ 64.20K
-0.05%
$ 1.80K
+0.91%Predictions Markets
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In This News
Coins
$ 64.20K
-0.05%$ 1.80K
+0.91%Predictions Markets
See what traders are focused on
Share:
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