Bitcoin ETFs see $854M inflow in best week since April, led by Blackrock's IBIT fund.
Bitcoin ETFs attracted $853.54 million in inflows during the first week of August, marking their strongest weekly performance since April 17. Blackrock's IBIT fund was the main driver, contributing over 80% of the inflows, while Ether ETFs also gained $245 million, led by Blackrock's products. Other altcoin ETFs like XRP, Solana, and HYPE showed modest inflows, indicating broadening institutional interest. This surge comes amid mixed economic signals, including a drop in U.S. payrolls and ongoing inflation concerns, suggesting investors are cautiously increasing crypto exposure.
Bitcoin ETFs attracted $853.54 million in inflows during the first week of August, marking their strongest weekly performance since April 17. Blackrock's IBIT fund was the main driver, contributing over 80% of the inflows, while Ether ETFs also gained $245 million, led by Blackrock's products. Other altcoin ETFs like XRP, Solana, and HYPE showed modest inflows, indicating broadening institutional interest. This surge comes amid mixed economic signals, including a drop in U.S. payrolls and ongoing inflation concerns, suggesting investors are cautiously increasing crypto exposure.
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