Bitcoin ETF Inflows Reach Record High, Signaling Market Resilience Amidst Uncertainties

Despite global market uncertainties, investors continue to pour money into Bitcoin ETFs, indicating strong market resilience. New data reveals that U.S.-based spot Bitcoin ETFs witnessed a significant net inflow of $442 million in the past week alone, exceeding $2.7 billion in total inflows. This impressive figure is attributed to a rising demand for these funds, particularly BlackRock’s IBIT product which achieved an impressive $327.3 million inflow, solidifying its position as the largest Bitcoin ETF on the market.