Last week saw U.S. spot Bitcoin ETFs absorb approximately 13,300 BTC, accounting for more than four times the roughly 3,150 BTC newly created by the network. This demand was reflected in $865.3 million of net inflows across five consecutive weeks, marking a strong performance.
The move toward Bitcoin’s top price range has been bolstered by institutional demand through these funds, along with increased interest in Ether-focused ETFs. The recent Bitfinex Alpha report highlighted this trend.
Written by Oliver Grant
Markets Desk
