Bitcoin Sees $159M Inflow as New ETF Attracts $46.6M
Bitcoin has seen a resurgence in investor interest, with Bitcoin (BTC) experiencing net inflows of $159 million last week. This marks a significant shift from previous weeks where outflows were reported.
The surge in interest can be attributed to the introduction of new exchange-traded funds (ETFs), such as the Zcash ETF, which drew in $46.6 million in investments.
While Bitcoin's price has been volatile in recent times, the influx of capital into the asset suggests that investors remain bullish on its potential for long-term growth.