After touching the $62,000 level, BTC rose twice, and firmly, touching $64,000. A key level that it failed to hold and, at the time of writing, it returned to sideways around $63,632,
A good test for BTC that still seems to have strength in its legs to attempt a new sortie. Driving Bitcoin are the Spot ETFs on BTC that recorded a surge in interest from investors on Friday, recording $92 million in net inflows despite the market decline.
The week also saw almost $400 million in total inflows into these funds, according to data from SoSoValue. Friday's inflows were distributed across seven Bitcoin ETFs, with Fidelity's FBTC in the lead, which attracted $26.12 million.
Ark Invest and 21Shares’ joint fund, ARKB, followed closely behind with $21.99 million. Bitwise’s BITB fund also saw significant inflows, amounting to $15.08 million, while Grayscale’s Bitcoin Mini Trust saw $13.37 million. Other bitcoin ETFs, including VanEck, Valkyrie, and Invesco, saw smaller but positive inflows.
Combined daily trading volume for U.S. bitcoin ETFs hit $980.59 million on Friday, with total net inflows since inception in January at $17.69 billion.
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