On Friday, U.S. spot Bitcoin Exchange Traded Funds (ETFs) experienced a significant inflow of $263 million. This marks the largest one-day increase since July 22.
The inflow coincided with Bitcoin's ascent above $60,000, achieving a 12% rise over the past week. Among the ETFs, Fidelity's Bitcoin ETF (FBTC) was the standout performer, attracting roughly $12 million in new investments.
The article considers whether this positive trend will sustain, particularly in the context of the broader cryptocurrency market and recent price rallies.
