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Bitcoin Price Surge Driven by $1.92 Billion Inflows into ETFs

Guavy AI Editorial Team
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Bitcoin's price surge has been accompanied by significant inflows into Bitcoin ETFs. The data shows that $1.92 billion was poured into these funds last week, marking one of the strongest weekly totals in months.

The iShares Bitcoin Trust ETF (IBIT) collected a substantial portion of this amount, pulling in $693 million in the first week of August and another $503 million on Aug. 20 alone.

This influx of capital is seen as a sign that investor confidence has snapped back after a rough stretch for the asset class.

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