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.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul