đ Bitcoin ETFs on Fire! đ
Bitcoin ETFs have been on a tear lately, with over $500 million pouring into the largest US-based products in just the past week! đ Despite a rocky start to the month, where BTC prices plummeted from $65,000 to under $50,000, the market has rebounded impressively.
Last week alone, Bitcoin ETFs saw inflows of $62.1M on Monday, $88M on Tuesday, $39.5M on Wednesday, $64.8M on Thursday, and a whopping $252M on Friday. BlackRockâs IBIT led the charge, while Grayscaleâs GBTC continued to see outflows.
In contrast, Ethereum ETFs are struggling, with consistent withdrawals and low trading volumes. While ETH-based products have seen a seven-day withdrawal streak, Bitcoin ETFs continue to shine. đ
Stay bullish on Bitcoin! đ€
