PiCK
US Spot-Bitcoin ETFs Draw $1.92 Billion in Weekly Inflows, Most Since Oct. 11 Selloff
Minseung Kang
Summary
- U.S. spot-Bitcoin (BTC) ETFs recorded $1.9178 billion in net inflows this week.
- That was the largest weekly net inflow since the Oct. 11 selloff last year.
- U.S. spot-Ethereum (ETH) ETFs also posted $692.6 million in net inflows over the same period, extending their streak to five straight trading days.
Forecast Trend Report by Period
U.S. spot-Bitcoin exchange-traded funds drew more than $1.9 billion in net inflows this week.
Crypto media outlet BlockBeats reported on Aug. 22, citing Farside data, that U.S. spot-Bitcoin ETFs recorded total net inflows of $1.9178 billion for the week. That was the largest weekly net inflow since the Oct. 11 selloff last year.
The funds posted net inflows in all five trading sessions this week.
Over the same period, U.S. spot-Ethereum ETFs drew $692.6 million in net inflows. Those funds also logged net inflows for five straight trading days.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.