Crypto
Bitcoin ETFs Flooded with $730M as BTC Reclaims $80K
US-listed Bitcoin exchange-traded funds (ETFs) saw their biggest inflows in nearly eight months, totaling $730.9 million on Thursday.
This influx of capital came as Bitcoin reclaimed the $80,000 level after trading between roughly $76,000 and $81,000 this week, according to CoinGecko data.
The surge in ETF inflows followed a smaller $101.2 million inflow on Wednesday.
Thursday's inflows are the largest daily haul since January 14, when Bitcoin ETFs attracted $843.6 million, according to SoSoValue data.
CryptoQuant flagged weak fresh demand and highlighted a key test at the $83,000 level for Bitcoin.