Recent data indicates a strong inflow into U.S. spot Bitcoin exchange-traded funds (ETFs), highlighting growing institutional interest in digital assets. On Thursday alone, Bitcoin ETFs reported impressive inflows totaling $64.91 million.
This influx was primarily driven by BlackRock’s IBIT ETF amidst mixed trading volumes in the market. The substantial inflow suggests that institutions are increasingly seeing the value and potential of investing in Bitcoin through ETFs.
This development demonstrates a noteworthy institutional endorsement of Bitcoin as a viable investment asset, potentially influencing broader market trends and investor sentiments.
