US Bitcoin ETFs Surge with $741M Inflows, Fueling Market Optimism

The U.S. spot Bitcoin ETF market experienced a significant surge in investor activity, recording a net inflow of $741 million yesterday. This influx bolsters market confidence as the prospect of softer inflation data fuels speculation about potential Fed rate cuts. Key players like BlackRock and Grayscale are driving these inflows, solidifying their positions as prominent proponents of Bitcoin ETFs. The growing institutional interest in Bitcoin ETFs indicates a shift in risk asset preferences.