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Bitcoin ETFs have seen significant inflows, reaching a monthly high of $129.45 million. Fidelity led the inflows with $65 million. This marks the largest inflow since June 7. Despite Bitcoin's price falling by $10,000, the year-to-date net flow has held steady at +$14.6 billion, indicating strong investor confidence during a 'step back' phase. Bitcoin is currently hovering near $63,000.
US Spot #Bitcoin ETFs Record $129 Million Inflow, Fidelity Leads https://t.co/3G51m0EWuX
Was surprised to check in on the bitcoin ETFs and see they actually had net positive flows for 1D, 1W and 1M. Was expecting worse given btc price fell $10k. During that stretch YTD net flow held steady at +14.6b. Good sign that number held strong during a 'step back' phase. https://t.co/0YnRbD9W8g
Biggest bitcoin ETF inflows in one month https://t.co/nI9xyIVhQ6
