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Bitcoin ETFs Bounce Back as Inflows Surge
After a week-long slump, Bitcoin ETFs are back in the green. On Friday, a whopping $ 378 million poured into the ten BTC index funds, with the Grayscale Bitcoin Trust surprisingly receiving $ 63 million in net inflows.
This comes after GBTC lost around 330,000 BTC worth over $ 17 billion since the SEC approval. Meanwhile, Bitcoin trades at $ 63,940, recovering 3.15% compared to the previous week. Other ETF issuers also saw positive figures, with Fidelity Wise Origin Bitcoin Fund leading the daily gains with $ 103 million in net inflows.