Crypto
Bitcoin ETF Inflows Surge to $159.5M as BTC Reclaims $77,000
Spot Bitcoin exchange-traded funds (ETFs) saw significant inflows on Wednesday after two days of heavy withdrawals. The net inflow totalled $159.5 million, marking a turnaround from the previous sessions' outflows.
The recovery was led by BlackRock's iShares Bitcoin Trust (IBIT), which attracted $183.7 million in fresh capital. Fidelity's FBTC recorded $16.6 million in withdrawals, while VanEck's HODL lost $7.6 million.
Despite the rebound, spot Bitcoin ETFs still have approximately $586.8 million in net withdrawals over the past three days. However, this latest session shows that institutional demand for BTC has not disappeared after the recent sell-off.