Bitcoin ETFs Record Third Week of Inflows Amid Macroeconomic Concerns
Bitcoin exchange-traded funds (ETFs) in the US recorded their third consecutive week of net inflows, according to CoinDesk. Despite a $465 million outflow over the weekend, the funds closed the week with an overall positive net inflow of $33.8 million.
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.
The market for Bitcoin ETFs remains fragile, with ongoing interest and volatility evident in the latest figures. The inflows suggest continued demand for Bitcoin exposure through ETFs, even as macroeconomic factors pose challenges.