US Bitcoin ETFs See $2.384 Billion Net Inflow

A major influx of funds into US Spot Bitcoin ETFs was observed yesterday, reaching a staggering $2.384 billion. Grayscale and BlackRock emerged as the dominant beneficiaries in this shift, with their respective trusts experiencing significant inflows. This substantial move signals potential shifts in institutional investment strategies within the cryptocurrency market, potentially impacting Bitcoin prices and broader market dynamics. 2023 has seen growing investor interest in the asset class thanks to increased institutional adoption.