Bitcoin ETFs Surge Past $233M in Daily Inflows Amid Market Volatility
Bitcoin ETFs posted their strongest daily inflows in over three weeks on Thursday, bringing in $233.1 million and reversing the week's earlier weakness.
The surge came despite a soft patch in Bitcoin's price, which slid to around $63,700, down roughly 1.3% over 24 hours.
BlackRock's iShares Bitcoin Trust dominated Thursday's activity with $183.4 million in net inflows, representing nearly 79% of the day's total.
The strong daily intake pushed weekly flows back into positive territory, with $203.84 million now in net inflows for the week, positioning the group to close its fourth straight week in the green unless Friday delivers an outflow exceeding that figure.