BTC ETF Bounces Back After Two Days of Outflows, Investors Buy $143.1 Million at Low Prices
On Friday, despite the bitcoin price dropping to a low of $53,550 on the day, 11 spot bitcoin ETFs did significantly better, totaling about $143.1 million in inflows, with Fidelity's FBTC leading the way, attracting $117.38 million, followed by Bitwise's BITB, which garnered $30.19 million. The inflows into ETFs may reflect some investor optimism about the price of bitcoin, despite the sell-off in Mt Gox. In a post on X, Bitwise CEO Hunter Horsley said: "The outlook for bitcoin has never been stronger. For many who have yet to be exposed to Bitcoin, this week is an opportunity to buy low."
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