GoCheckMyCrypto.comBitcoin ETFs Draw $197M, Ending Eight-Week Outflow Streak
Bitcoin ETFs drew $197 million in net inflows, ending eight consecutive weeks of outflows. Analysts are not yet ready to call it a recovery in institutional demand.
Bitcoin ETFs drew $197 million in net inflows, snapping an eight-week outflow streak, according to reporting from Cointelegraph.
Analysts cited in the same reporting are not yet ready to call the shift a recovery in institutional demand for bitcoin.
Bitcoin ETFs recorded $197 million in net inflows, the first weekly inflow after eight weeks of outflows.
A first weekly net inflow after eight straight weeks of outflows is a concrete data point on institutional flows, though the analysts quoted stop short of calling it a turn. What to watch is whether the inflow persists in the weeks ahead.
And that's the way it is.
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