Bitcoin exchange-traded funds (ETFs) have experienced a notable resurgence, with inflows of $94.3 million ending an eight-day trend of $3.2 billion in outflows. This shift signals renewed investor confidence, particularly in ARK 21Shares and Fidelity Bitcoin ETFs.
Bitcoin exchange-traded funds (ETFs) have reversed an eight-day outflow trend, attracting $94.3 million in new investments. This marks a significant turnaround from the previous $3.2 billion outflow, indicating renewed investor confidence in the cryptocurrency market.
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Coinbase’s highly anticipated new blockchain, Base, launched on Wednesday amidst underwhelming demand, attracting only $10 million of inflows. Analysts had predicted a much higher uptake of the product.
Institutional investors have pulled back from crypto markets after four weeks of inflows, suggesting downward pressure in recent weeks indicates a possible bear trend.