Bitcoin ETFs See Strong Inflows Amid Macro Uncertainty
The US spot Bitcoin ETFs have seen another day of strong inflows, indicating sustained institutional demand despite ongoing macroeconomic uncertainty. According to SoSoValue, the total net inflow for these funds was $233.13 million yesterday.
BlackRock's ETF IBIT had the highest daily net inflow at $183.39 million, with a total historical net inflow of $60.6 billion. Bitwise's ETF BITB came in second, with a daily net inflow of $20.74 million and a total historical net inflow of $2.03 billion.
Ripple has received full MiCA authorization as a Crypto-Asset Service Provider in Europe, which could strengthen its position in the European crypto payments market and support long-term XRP adoption.
Binance Coin's trading volume surged by more than 65% over the past 24 hours, with spot trading volume exceeding $160 million and futures volume reaching nearly $800 million. Open interest remains elevated at almost $950 million, suggesting that derivatives traders are adding exposure rather than closing positions.