Bitcoin Spot ETF Sees Modest Net Inflows This Week
According to Odaily, Lin Chen, Deribit’s Head of Asia Pacific, shared insights into the performance of spot Bitcoin ETFs this week. Despite the market being closed on Wednesday and the large outflows on Thursday, the overall trend showed a modest net inflow. The total net inflow for the week was $255.3 million, an increase of 2,421.94 BTC. Notably, on Thursday, BlackRock’s IBIT Index recorded its largest single-day drop of 3,516.57 BTC. However, market sentiment improved on Friday, leading to an inflow of 2,601.9 BTC, with Fidelity increasing its holdings by 3,684.64 BTC. Currently, Bitcoin price has rebounded and is fluctuating around $98,000. $BTC