Bitcoin ETF Inflows Surge Amid Record Price Rally

Bitcoin's recent rally has attracted significant investment inflows into spot exchange-traded funds (ETFs). Over the past week, a net of $1.92 billion flowed into the 13 US-listed Bitcoin ETFs, marking their strongest weekly inflow in 10 months.

This surge comes as Bitcoin gained about 23% last week, its biggest weekly increase in more than three years. It is currently trading around $77,000.

The jump in ETF inflows indicates broader investor demand for the token, but it remains to be seen whether this momentum will hold. Some profit-taking after such a strong move wouldn't be surprising, according to Gracie Lin, CEO of OKX SG.