3 billion dollars flowed into spot Bitcoin funds this week – the largest influx since November 2024!
Bitcoin exchange-traded funds (ETFs) experienced a massive inflow of 3 billion dollars this week, marking the largest liquidity injection since November 2024.
In contrast, the price of Bitcoin fell below 94,000 dollars... yes, it may seem confusing!
BlackRock's IBIT fund showed significant strength with daily inflows of 240 million dollars, raising its total assets under management to over 56 billion dollars.
Trading volumes also surged this week, reaching 18.7 billion dollars compared to 7.1 billion dollars last week.
The bottom line? Investment funds continue to pile up Bitcoin, while the price remains volatile... classic crypto chaos!
