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Bitcoin ETFs log second week of inflows, breaking two-month rout
Bitcoin ETFs log second week of inflows, breaking two-month rout as US-listed spot Bitcoin exchange-traded funds recorded net inflows for the second consecutive week.
US-listed spot Bitcoin exchange-traded funds recorded a second consecutive week of net inflows after nearly two months of capital flight, raising hopes that cryptocurrencies may be finding a floor. The inflows come as bitcoin prices have been struggling to recover from a two-month rout. Breaking this downtrend, investors are showing increased interest in the cryptocurrency market again.
Brief written with AI from reporting by Bloomberg. All rights to the original story belong to the publisher.