Bitcoin ETFs Saw Their Biggest Weekly Inflow in 10 Months

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Bitcoin ETFs saw their biggest weekly inflow in 10 months

The fact that Bitcoin started pushing towards 80 was not just because shorts were being liquidated. That was not a leverage squeeze at all. What we can now see is that a big part of it was Bitcoin ETFs having their biggest weekly inflow in 10 months during the rally. Bitcoin ETFs attracted $1.92 billion in the week. Ether ETFs added another $697 million, which is a very large number. I had Alex Thorn from Galaxy on Macro Monday this morning, and he pointed out that this was effectively the most volume we've seen on Bitcoin ETFs since the all time high for Bitcoin in price and for ETFs back in October. So that cannot be ignored. People buying ETFs is not part of a short squeeze. It is general belief that the bottom is likely in, and this is the time to re-enter the asset class.

#Bitcoin #ETFs #Crypto #Markets #Inflows
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