Bitcoin ETF Inflows Resume As Cryptocurrency Climbs Toward $70,000
Investor appetite for Bitcoin investment products strengthened again at the start of the week, ending a brief period of withdrawals that had weighed on cryptocurrency-linked exchange-traded funds. Data from SoSoValue showed that US spot Bitcoin exchange-traded funds attracted approximately $167 million in net inflows on Monday as the cryptocurrency moved closer to the $70,000 price level. The inflows followed two consecutive trading sessions dominated by redemptions, during which roughly $577 million exited the funds across Thursday and Friday combined. Bitcoin itself was trading near $70,015 at the time of reporting, according to CoinGecko data, reflecting modest recovery after recent volatility
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