Bitcoin ETFs Buck Declining Price Trend with Record Weekly Inflows

Bitcoin ETF inflows in the US recorded their highest daily total in over three weeks on Thursday, despite a decline in Bitcoin's price. The funds saw $233.1 million in net new money entering them.

The largest influx was seen in BlackRock iShares Bitcoin Trust (IBIT), with $183.4 million in investments, accounting for almost 78.7% of the total. This marks a return to positive inflows for Bitcoin ETFs this week, following $203.84 million in net inflows during the week.

Bitcoin's price did not hold above $65,000 on Thursday, falling by 1.3% over the last 24 hours to around $63,700. The decline had no apparent impact on investor interest in Bitcoin ETFs and Ethereum ETFs saw positive outcomes for the day as well with $13.3 million net inflows.