This week Bitcoin ETFs saw $2.34B net inflow…10x ↑ in one week

JOON HYOUNG LEE

Summary

This week, U.S. Bitcoin spot ETFs saw a net inflow of $2.34 billion, SosoValue said.
It said the Bitcoin spot ETF net inflow this week increased nearly tenfold compared with the previous week.
U.S. Ethereum spot ETFs had a net inflow of $638 million this week, but the previous week saw net outflows, it said.

*U.S. Bitcoin (BTC) spot exchange-traded fund (ETF) fund inflows and outflows trend. Photo credit=SosoValue*

This week, U.S. Bitcoin (BTC) spot exchange-traded funds (ETFs) saw a net inflow of $2.34 billion (about 3.3 trillion won).

On the 14th, cryptocurrency data analytics firm SosoValue reported that Bitcoin spot ETFs recorded five consecutive trading days of net inflows from the 8th to the 12th of this month. Net inflows to Bitcoin spot ETFs during that period amounted to about $2.34 billion. Compared with the previous week's net inflow ($246 million), it increased nearly tenfold.

U.S. Ethereum spot ETFs recorded four consecutive trading days of net inflows from the 9th to the 12th of this month. Net inflows to Ethereum spot ETFs this week amounted to $638 million (about 900 billion won). In the previous week, Ethereum spot ETFs saw net outflows of $788 million (about 1.1 trillion won).

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