Bitcoin spot ETFs recorded their largest inflows in over two weeks on Thursday, totalling $192.5 million. This comes after Bitcoin dipped below $50,000 earlier this week amid a global market selloff.
NEW: 🇺🇸 #Bitcoin ETFs saw $192 million in inflows, the highest in over two weeks.
The tides are turning 🚀 pic.twitter.com/y7Ra6NK4jA
— Bitcoin Magazine (@BitcoinMagazine) August 9, 2024
The inflows helped propel Bitcoin back above $60,000 on Friday. It represents a swift reversal after Bitcoin plunged nearly 20% to its lowest level since February.
The BlackRock iShares Bitcoin Trust (IBIT) led the bounce back, with inflows of $157.6 million on Thursday. The WisdomTree Bitcoin Trust (BTCW) also had a standout day, attracting over $118.5 million in fresh capital—its largest single-day haul since launching.
BTCW has generally lagged behind rivals, struggling to break $11 million in daily inflows since debuting in January. Its prior record was $10.5 million. But Thurs
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