Bitcoin ETFs on $3B ‘bender,’ notch first full inflow week in 5 weeks 📈
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. experienced over $3 billion in inflows this week after five weeks of varying performances. The consecutive inflow days totaled $3.06 billion, a sign of growing interest.
According to ETF analyst Eric Balchunas, the rapid pace of inflows is noteworthy, suggesting a revival of the basis trade.
The recent influx turned April positive as it netted $2.26 billion, despite volatility in the first half of the month comprising nine outflow days.
BlackRock's iShare Bitcoin ETF recently received accolades, adding to the positive outlook and institutional enthusiasm for Bitcoin's growth.
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