Bitcoin ETFs See $616M Inflows—So Why Is BTC Stuck Below $70,000?
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U.S. Bitcoin (CRYPTO: BTC) ETFs recorded back-to-back inflows totaling $616 million for the first time in a month, yet total holdings dipped only 6% despite Bitcoin’s 50% crash as BTC tests critical $68,000 support.
The Institutional Conviction
Bitcoin ETFs registered consecutive inflows starting Friday with $471.1 million, followed by $144.9 million on Monday, according to SoSo Value data.
This ended a redemption streak stretching back to mid-January.
According to Checkonchain, cumulative assets across 11 funds dropped only 7% since early October, sliding from 1.37 million BTC to 1.29 million BTC.
During this same period, Bitcoin crashed over 40% from record highs above $126,000.
This reveals institutional staying power. ...Full story available on Benzinga.com
The Institutional Conviction
Bitcoin ETFs registered consecutive inflows starting Friday with $471.1 million, followed by $144.9 million on Monday, according to SoSo Value data.
This ended a redemption streak stretching back to mid-January.
According to Checkonchain, cumulative assets across 11 funds dropped only 7% since early October, sliding from 1.37 million BTC to 1.29 million BTC.
During this same period, Bitcoin crashed over 40% from record highs above $126,000.
This reveals institutional staying power. ...Full story available on Benzinga.com
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This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
