Bitcoin ETFs Post Third Straight Week of Net Inflows Despite $465M Outflows

Despite concerns over potential U.S. Federal Reserve rate hikes, Bitcoin exchange-traded funds (ETFs) in the U.S. recorded their third consecutive week of net inflows.

The funds managed to close the week with an overall positive net inflow of $33.8 million, despite a significant $465 million in outflows over the weekend.

This development comes amid fluctuating sentiment, where the prior week saw $75.7 million in inflows following a substantial $197.4 million the week before.

The late-week withdrawals have been attributed to concerns over potential U.S. Federal Reserve rate hikes, which overshadowed recent optimism related to the Clarity Act market-structure bill.