Spot Bitcoin ETFs in the United States have recently witnessed a substantial net inflow exceeding $555 million. This influx marks the largest surge since June 5, indicating a renewed interest in Bitcoin among investors.
This increase in ETF inflows suggests a potential revival in market activity, as Bitcoin's price has risen by nearly 3%, reaching a new level of $67,140. Such comparative growth underscores the positive sentiment around Bitcoin's market prospects.
Reported insights from CryptoQuant highlight a significant correlation between net inflows into ETFs and Bitcoin's market trends, further fueling speculations of a forthcoming bull run.
Source : coinpedia.org ↗