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Crypto

Bitcoin ETF Inflows Soar as Price Reaches New Heights

Guavy AI Editorial Team
Instruments
BTC
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U.S. spot Bitcoin ETFs have seen a significant turnaround in recent months, moving from a year-to-date deficit of $5.8 billion in July to nearly $800 million in net inflows by August.

This change comes after approximately $4 billion flowed into the funds since then, coinciding with Bitcoin's price recovery towards $85,000.

The shift in investor sentiment and the resurgence in demand for spot ETFs have led to this substantial increase in assets under management.

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