Bitcoin ETF Inflows Soar Amid Cryptocurrency's Biggest Weekly Price Jump

Singapore saw significant inflows into spot Bitcoin exchange-traded funds (ETFs) last week, a sign of renewed investor interest in the original cryptocurrency. According to Bloomberg data, the 13 US-listed Bitcoin ETFs drew in a net $1.92 billion, their largest weekly inflow in ten months.

The surge in ETF inflows coincided with a substantial increase in Bitcoin's price, which gained about 23% last week, its biggest weekly jump in more than three years. At the time of writing, Bitcoin was trading around $77,000 in Singapore.

Gracie Lin, CEO of crypto exchange OKX SG, said that the net inflows on every trading day last week indicate a renewed interest in Bitcoin among investors. However, she also noted that the question now is whether this momentum will hold.