Bitcoin ETFs attract $1.08 billion in 3 days but it may not be enough for a steep rally
Past steep rallies ran on about $235 million a day of net inflows into ETFs. The funds are yet to match that pace, according to data analyzed by CoinDesk.
Bitcoin exchange-traded funds (ETFs) have attracted over $1 billion in investor money within three days, signaling renewed institutional interest in the cryptocurrency, according to SoSoValue data. However, analysts warn that robust inflows are necessary for a sustained rally in Bitcoin's price. While institutional demand shows tentative improvement, the flows remain volatile.
To confirm a stronger recovery, as saw during previous steep rallies, sustained inflows are required, with average daily net inflows of over $200 million historically characterizing these uptrends.
Written by urgent.news from CoinDesk's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
