Back to News
Featured

Bullish Trends for Bitcoin ETFs with Record $2 Billion Inflow

Bitcoin ETFs witness a $2 billion inflow despite crypto market volatility.
Bullish Trends for Bitcoin ETFs with Record $2 Billion Inflow

Bitcoin ETFs experienced a whopping $2B BTC inflows, according to CoinShares.

Despite Bitcoin's volatility, Bitcoin ETFs had a record-breaking week, with the third-greatest daily inflow ever on June 3. The overall Bitcoin inflow into ETFs reached nearly $17B in 2024, with the United States leading the way.

The jump in Bitcoin ETF investments highlights a noteworthy week for crypto funds, with inflows totaling over $2 billion, a considerable increase from the previous $185M. Ethereum and Solana witnessed inflows of $69M and $700K, respectively.

This financial shift comes amidst expectations of rate cuts in the U.S. and Europe, sparking investor optimism for potential risk asset inflows. Meanwhile, short Bitcoin funds faced outflows for the third consecutive week. This trend signals a bullish sentiment among investors.

With Bitcoin's open interest hitting a new high of almost $38B and a favorable long-short ratio, the market buzzes with speculation of reaching new price highs.

Sign up for our newsletter
Get the daily newsletter that helps thousands of investors understand the markets.
Thank you for subscribing!
Oops! Something went wrong while submitting the form.
Share
Read more news
View all →
Back to News
Text Link

Heading

This is some text inside of a div block.

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Tags
No items found.
Sign up for our newsletter
Get the daily newsletter that helps thousands of investors understand the markets.
Thank you for subscribing!
Oops! Something went wrong while submitting the form.
Share
Read more news
View all →
No items found.