Bitcoin ETFs 'Turning a Corner' After Record Bleed Hits $8 Billion
Summary
Bitcoin ETFs posted net inflows for three straight days, bringing in about $510 million since Friday and reversing a record stretch of outflows. The shift suggests sentiment may be improving after roughly $8 billion left these funds over the past eight weeks, with year-to-date outflows at $2.8 billion. Bitcoin rebounded to around $62,000 after falling near $58,000 earlier this month. Still, most ETF buyers remain underwater, with average entry near $83,800. Large holders have also sold more than $40 billion in Bitcoin since last year’s peak, though that selling pressure has eased. Fed policy and inflation fears remain major headwinds, limiting the chance of a sustained breakout.
