Crypto
Bitcoin ETF Inflows Hit $731M Amid BTC's Reclaimed $80K Level
US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest net inflows in nearly eight months, totaling $730.9 million on Thursday.
This influx came as Bitcoin reclaimed the $80,000 level after trading between roughly $76,000 and $81,000 this week.
BlackRock's iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by net assets, led the buying with $454 million in inflows, accounting for about 62% of the total.
CryptoQuant remains cautious about Bitcoin's rally, citing weaker spot demand and heavy short covering as a key bull market threshold emerges at $83,000.