Institutional Demand Soars Amidst Bitcoin Price Correction: Crypto ETFs Experience Strong Inflows

Despite a 3% market downturn impacting the overall cryptocurrency value, institutional investors continued to aggressively buy into crypto assets. Notably, exchange-traded funds (ETFs) for Bitcoin and Ethereum saw strong inflows, driven by large-scale buying activity from whales. Bitcoin, which briefly dipped below $121,000 before rebounding, registered robust ETF inflows despite the market correction.