Bitcoin ETF Inflows Hit Largest in Weeks — Market Talk

According to CoinGlass data, bitcoin ETFs saw inflows of $233.1 million yesterday. That's the largest inflow in these ETFs since July 6, according to CoinGlass. Bitcoin ETFs have seen net inflows for two straight sessions, and analysts say that even though bitcoin prices look to remain rangebound, the return of ETF interest is a good sign for the future. "[It] signals that institutional investors have not abandoned the market," says Rania Gule of XS.com in a note. But Gule adds that a much-stronger showing on the ETF side is needed to break bitcoin prices out of its current trading range. Bitcoin is down 3.4% to $62,526, while ethereum falls 3.4% to $1,855. ([email protected])