The week’s best single-day result came on Friday, with inflows of $663.9 million.
In response to the announcement, Bitcoin’s value soared over $78,000, while the price of Brent oil dropped over 10% to about $85/bbl.
As investor focus moves to riskier assets, spot Bitcoin exchange-traded funds (ETFs) saw net inflows of over $1 billion last week, their best performance in over three months. Last week, spot Bitcoin ETFs received $996 million in net inflows, according to data from SoSoValue. This is the greatest weekly intake since early January, when inflows hit over $1.4 billion.
Source: SoSoValue
The week’s best single-day result came on Friday, with inflows of $663.9 million. Gains for the previous three days were $411.5 million, $186 million, and a more modest $26 million. A $291 million withdrawal was made on Monday to start the term.
By Friday, the combined net assets of all spot Bitcoin ETFs had surpassed $101 billion, and trading activity had surged, with d
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