Institutional Capital Flows Back to Bitcoin Amid Market Turbulence
Institutional capital is flowing back into Bitcoin after a turbulent week for crypto markets. Net inflows of over $433 million in U.S. spot exchange-traded funds (ETFs) on Friday signaled renewed demand from institutional investors.
Fidelity's FBTC led the buying, with $310.72 million in inflows, while BlackRock's IBIT received $108.44 million and Bitwise's BITB added $9.69 million.
The influx of capital also extended to Ethereum ETFs, which recorded $143.80 million in net inflows on Friday, as well as other digital asset products that attracted $47.62 million and an additional category that added $37.67 million.