Money Pours Into US Bitcoin ETF…Cumulative Inflow Nears $49 Billion

JOON HYOUNG LEE

Summary

It was reported that the cumulative net inflow into US Bitcoin (BTC) spot ETFs has reached $48.4 billion.
There has been a continued net inflow for 12 consecutive trading days, with $550 million coming in just in one day.
Timothy Misir, Head of Research, stated that Bitcoin’s appeal as a store of value (SoV) is increasing.

The cumulative net inflow into US Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) has approached $49 billion.

According to The Block on the 26th (local time), the cumulative net inflow into US Bitcoin spot ETFs amounted to $48.4 billion (approximately ₩65.65 trillion) as of that date. On this day alone, US Bitcoin ETFs saw a net inflow of $550 million. This marks 12 consecutive trading days of net inflows.

Over the past 12 trading days, the total net inflow amounted to approximately $3.9 billion. Timothy Misir, Head of Research at crypto analytics firm BRN, told The Block, “As the US Dollar Index fell to its lowest level since March 2022, Bitcoin’s appeal as a store of value (SoV) is increasing,” adding, “Institutional adoption of Bitcoin, combined with dollar weakness and concerns over US economic growth, continues to support sustained (price) momentum.”

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