Bitcoin ETFs see $900M weekly inflows, largest since May
Bitcoin ETFs attracted over $900 million in inflows last week, the largest since early May, led by $IBIT with $193 million.
Bitcoin exchange-traded funds (ETFs) recorded net inflows of approximately $900 million last week, the strongest weekly performance since early May. The figure marks a sharp acceleration from the prior week's $197 million.
BlackRock's $IBIT, the largest Bitcoin ETF, led the charge with $193 million in inflows last week, following $282 million the week before. On Monday and Tuesday of this week, $IBIT added another $115 million and $164 million, respectively.
So far in July, total inflows into $IBIT have reached $501 million, putting the fund on track for its largest monthly intake since April and the third-largest month this year. The data signals rapidly improving investor demand for Bitcoin funds.
Source: The Kobeissi Letter