Bitcoin ETF has witnessed an unprecedented net inflow of $1.644 billion in the past week. This remarkable financial activity was reported by COINOTAG News on November 16th, indicating strong investor confidence in spot Bitcoin ETFs.
The surge in ETF inflows occurred in tandem with a significant appreciation in Bitcoin's market value, which saw a 14% price increase over the same period. This highlights the growing interest and positive sentiment surrounding Bitcoin within the investment community.
Such record inflows mark a historic trading week for Bitcoin ETFs, underlining their role in providing investors with exposure to the cryptocurrency’s price fluctuations without directly owning the underlying asset.
