Bitcoin ETFs Pull In $1.92B

U.S. spot Bitcoin ETFs recorded $1.92 billion in net inflows last week, marking their strongest weekly result in roughly ten months. According to Cryptopolitan, BlackRock’s IBIT led the move with around $1.3 billion in new capital. At the same time, Bitcoin climbed about 23% and approached the $79,500–$80,000 resistance zone, which could determine whether the rally continues. The previous week saw nearly $390 million in net ETF outflows, highlighting the sharp reversal in investor sentiment. However, elevated U.S. Treasury yields and weaker global equity markets remain potential headwinds for risk assets. For xbit.money users, the surge in ETF demand is an important indicator of institutional interest in BTC, while rapid price movements make monitoring exchange rates especially important. Track Bitcoin and other crypto prices and exchange digital assets securely through xbit.money.

Source

Comments
Add
Not found