US Spot Bitcoin ETFs Attract Nearly $1 Billion Amid Institutional Interest
US spot Bitcoin ETFs continued their winning streak, attracting nearly $1 billion in net inflows last week. This marks their third consecutive week of gains and reflects renewed institutional interest.
The largest contributor was BlackRock's IBIT, which saw $691.5 million in inflows. Ethereum ETFs also fared well, with $218.4 million flowing into them.
Despite the significant influx of capital, Bitcoin's price remained stable near $79,530, holding close to the $80,000 mark.
Market watchers are now keeping a close eye on upcoming US inflation data and its potential impact on Federal Reserve rate decisions and crypto prices.