Bitcoin ETFs Soar as Investors Pour in $3.8 Billion Amid Sentiment Shift

In just three weeks, Bitcoin ETFs have attracted more than $3.8 billion from investors.

The rally is attributed to a sudden change in investor sentiment rather than any fundamental shift in the underlying value of Bitcoin.

Bitcoin's long-term growth prospects suggest it may be undervalued at its current price of $80,000.

A meeting between top crypto executives and President Donald Trump helped boost sentiment, as did the U.S. Treasury Department's plans to buy back government debt.

The change in market sentiment is reflected in the Crypto Fear & Greed Index, which flipped from 'fear' to 'extreme greed' in a matter of days.