Bitcoin ETFs draw $368M in 3-day buying run
US-listed spot Bitcoin ETFs are showing strong momentum, recording approximately $368 million in net inflows over a three-day buying streak. According to SoSoValue data, net inflows reached $79.2 million on Thursday alone, led primarily by BlackRock's IBIT and Fidelity's FBTC. This institutional buying support pushed Bitcoin briefly above the $65,000 mark earlier in the week, signaling a potential shift in market sentiment.
For exchange platform users, this steady accumulation by major funds is a crucial bullish indicator, suggesting that the worst of the summer corrections might be behind us. As the market builds a new foundation, quick conversion speed becomes key to capturing optimal rates. Use xbit.money for fast and secure BTC swaps to leverage this fresh wave of institutional liquidity today!