$BTC Bitcoin ETFs are making headlines with a resurgence in popularity this week, marked by significant inflows into the BlackRock iShares Bitcoin Trust (IBIT). On June 22 alone, IBIT saw a staggering $526 million in inflows, signaling a robust investor interest in cryptocurrency-backed ETFs.

However, industry experts like Skew urge caution, pointing out historical patterns where such large inflow days preceded price corrections in Bitcoin. Skew noted that similar inflow spikes often coincided with market supply zones, suggesting a potential vulnerability in the current bullish trend.

While the recent influx of funds into IBIT underscores growing mainstream acceptance of Bitcoin ETFs, investors are advised to tread carefully amidst the volatility typical of cryptocurrency markets. The future of Bitcoin ETFs remains uncertain, with the potential for market corrections always looming large.

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