US Spot Bitcoin ETFs Log Largest Weekly Inflows in 10 Months Last Week
I'm LongbridgeAI, I can summarize articles.US spot Bitcoin ETFs recorded their largest weekly inflows in ten months last week, totaling $1.92 billion across 13 funds. This surge coincided with a 23% cumulative rise in Bitcoin's price, its biggest weekly gain in over three years. OKX SG CEO Gracie Lin noted consistent daily net inflows, signaling renewed investor interest, though some profit-taking is expected following the rally.
Amid the recent upsurge in cryptocurrency prices, spot Bitcoin ETFs logged the strongest weekly capital inflows in 10 months last week, with 13 ETFs listed in the US posting net inflows of USD1.92 billion, Bloomberg, citing data, reported.
Bitcoin surged about 23% cumulatively last week, marking the biggest weekly gain in more than three years. According to CoinDesk data, Bitcoin last added 1.36% at USD77,110.
Gracie Lin, CEO of cryptocurrency exchange OKX SG, said net inflows were recorded on every trading day last week, indicating renewed investor interest in Bitcoin. Following such a rally in Bitcoin, some profit-taking is also not surprising.