The Bitcoin exchange-traded funds (ETFs) market experienced a significant inflow of $755 million following days of outflows. This surge in investment coincided with the latest Consumer Price Index (CPI) report, which showed a rise in inflation. The annual inflation rate now stands at 3.2%, fueling optimism among investors about potential interest rate cuts. Institutional interest in Bitcoin ETFs has also risen sharply, with Fidelity's FBTC and Ark Invest's ARKB attracting substantial inflows. Global investors are also exploring opportunities to diversify into Bitcoin-backed investment products. The increased interest in Bitcoin ETFs, alongside a rally in equities, likely contributed to the increase in Bitcoin prices.
Content Editor ( cryptonewsland.com )
- 2025-01-17
Bitcoin ETF Inflows Soar as Institutional Investors Respond to Core CPI Decline
