Bitcoin ETF Inflows Pick Up — Market Talk

The streak of bitcoin outflows has given way to a different streak of money coming back to bitcoin ETFs, with CoinGlass reporting its fifth consecutive net gain on those ETFs as of yesterday. The amounts coming in for bitcoin ETFs have also picked up, with $226.8 million entering into bitcoin yesterday. CoinGlass says that inflows have totaled $727 million over the course of those five days. Prior to this, bitcoin had weeks of outflows, with fund managers selling their positions amid speculation of impending rate hikes from the USDA. Bitcoin is up 2.1% to $66,713. ([email protected])