Bitcoin ETF Inflows Hit $3 Billion in a Week: Institutional Bets Drive Stability

A recent surge of investment into Bitcoin Exchange-Traded Funds (ETFs) has totaled $3 billion over the past week, driven by institutional investors. Notably, BlackRock’s IBIT ETF recorded daily inflows exceeding $240 million, signifying growing confidence in the cryptocurrency market. This influx has also propelled Bitcoin prices beyond $94,000 and is contributing to a more stable market, potentially indicating a shift from retail-driven trading to institutions.