Bitcoin ETFs Soar with $1.92B Inflows Amid Strongest Weekly Gain in Over Three Years

Bitcoin ETFs have experienced their strongest week in nearly a year, attracting net inflows of $1.92 billion last week.

This surge comes as Bitcoin jumped about 23%, its strongest weekly gain in more than three years, and was trading around $78,000 at press time.

The rally gained momentum from U.S. plans to increase buybacks of long-dated government bonds, aimed at bringing yields down.

BlackRock's iShares Bitcoin Trust was the largest contributor, generating $1.3 billion in inflows alone.