Capital inflows into Bitcoin ETFs turned positive again
Spot Bitcoin (BTC) exchange-traded funds (ETFs) suffered a halt to their longest streak of inflows this week, however, that changed with the release of promising US consumer inflation data yesterday. The funds were reported to have had 19 consecutive days of positive inflows, the longest streak since their launch in January 2024, but saw outflows of $64.9 million and $200.3 million on Monday and particularly on Tuesday. After the release of weaker-than-expected consumer inflation data, Bitcoin rose $2,000 and investors poured $100.8 million into spot ETFs.
