Bitcoin ETFs See $143.1M Inflows as BTC Regains $56K
full version at dailycoin
U.S Spot Bitcoin ETFs bounced back strongly on Friday with over $100M inflows. The inflows coincided with BTC regaining momentum after hitting a four-month low. Observers emphasized how the inflows depict a strong outlook for Bitcoin. Net inflows to U.S. spot Bitcoin exchange-traded funds (ETFs) surged on Friday, highlighting rejuvenated investor confidence despite BTC’s weeklong volatility. The 11 Nasdaq-listed ETFs attracted over 100 million on the same day that Bitcoin’s price plunged below $55,000 for the first time in four months. The crypto asset traded at a low of $53,717 on Friday before pairing the gains to reclaim $56,000
Continue reading on DailyCoin.
