Bitcoin ETF Inflows Smash Record with $1.2 Billion in Single Day

Bitcoin ETF inflows have reached a record high of $1.2 billion in a single day, according to data from Moomoo AI. This surge in investment is not coming from retail investors, but rather from institutional investors via IBIT and FBTC. The AI's analysis suggests that large inflow days are often followed by short-term volatility, but tend to result in positive returns over 30 days. A chart provided by the AI shows a correlation between ETF flows and the price of BTC. This information may give investors confidence in holding their crypto allocations, but it's essential to remember that past performance is not a guarantee of future results.