Spot Bitcoin ETFs break four-week outflow streak with $70M in weekly inflows
PositiveCryptocurrency

- Spot Bitcoin ETFs have ended a four-week streak of outflows, recording $70 million in weekly inflows, while Ether ETFs also show positive trends. This shift indicates a potential stabilization in the market after recent volatility.
- The inflow of $70 million into Spot Bitcoin ETFs is significant as it suggests renewed investor confidence and could signal a potential bottom for Bitcoin prices, which analysts have been closely monitoring amid fluctuating market conditions.
- This development occurs against a backdrop of mixed sentiments in the cryptocurrency market, where analysts have expressed concerns about weak support levels for Bitcoin prices and the impact of recent sell pressures, highlighting the ongoing volatility and tactical rebalancing strategies among investors.
— via World Pulse Now AI Editorial System

