CandleFocus

Bitcoin ETF Inflows Surge to $588M – Is a Major BTC Rally Coming?

Summary: The United States spot Bitcoin (BTC) Exchange Traded Funds (ETFs) experienced a significant cash inflow of $588.22 million on Thursday, the highest daily inflow since the beginning of the week. This brings the total cumulative cash inflow for US spot BTC ETF issuers to $40.18 billion since their historic approval by the SEC under former chair Gary Gensler. Notably, none of the ETF issuers experienced cash outflows on Thursday, with BlackRock's IBIT and Fidelity's FBTC leading in net cash inflows. The demand for Bitcoin remains strong, with some global central banks investing in Bitcoin-related stocks. Several US states have also introduced bills to create strategic Bitcoin reserves, and the Trump administration is working to implement a national Bitcoin stockpile. With the recent surge in gold prices, Bitcoin is expected to follow suit and is considered a better long-term store of value by many global investors.

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