US Bitcoin ETFs Add $301M, Ending Two Weeks of Outflows
Edited by Steinar Vigdel Kolnes, Editor, Oslo
US spot Bitcoin ETFs recorded $301 million in weekly net inflows, breaking a two-week run of withdrawals despite a weaker finish.
US spot Bitcoin exchange-traded funds attracted a net $301 million over the week, ending two consecutive weeks of net outflows, according to Cointelegraph.
Strong inflows during the first three days helped drive the positive weekly total. That early momentum later gave way to substantial withdrawals.
Despite the late-week reversal, the initial gains were enough to leave the funds with more money coming in than going out for the week.
Source: Cointelegraph