Bitcoin ETF Inflows Surge to Four Consecutive Weeks Amid Price Dip
US-based Bitcoin exchange-traded funds (ETFs) saw significant inflows last week despite a brief dip in Bitcoin's price below $64,000.
The iShares Bitcoin Trust, managed by BlackRock, led the charge with $183.4 million in inflows, pushing total weekly ETF inflows to $203.84 million and marking a fourth consecutive week of gains.
This trend reverses a two-month outflow pattern and indicates growing institutional interest in crypto assets, as evidenced by positive inflows in Ethereum ETFs.
However, the $1.3% price drop to around $63,700 suggests ongoing short-term selling pressure.