Bitcoin ETFs Flooded with $1.92 Billion as Token Surges

Bitcoin's recent surge has attracted significant investor interest, as evidenced by the largest weekly inflow into spot Bitcoin exchange-traded funds (ETFs) in 10 months. The 13 US-listed funds drew in a net $1.92 billion last week, with every trading day seeing net inflows.

The ETF inflow comes as Bitcoin gained about 23% last week, its biggest weekly increase in over three years. It's currently trading around $77,000 in Singapore.

According to Gracie Lin, CEO of crypto exchange OKX SG, 'We saw net inflows on every trading day last week, which suggests renewed investor interest in Bitcoin.' However, she also notes that some profit-taking wouldn't be surprising after such a strong move.