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International Business Times
International Business Times
Business
Marvie Basilan

US Bitcoin ETFs Bouncing Back? Inflows Hit $1.7 Billion In 7 Days

Bitcoin ETF United States Eric Balchunas Ethereum IBIT Crypto Farside Investors
Bitcoin ETFs were approved early last year, marking a significant shift in the United States' transition toward innovative financial offerings. (Credit: Kanchanara/Unsplash)

KEY POINTS

  • Tuesday was the biggest day of the week for $BTC ETFs, bringing in $912.7 million
  • Bitcoin surged to $93,000 this week after a plunge to $75,000 earlier this month
  • Ethereum ETFs are still struggling despite Bitcoin ETFs' uptrend in recent days

Spot Bitcoin exchange-traded funds (ETFs) in the United States have been on a relatively good run in the last seven days, hauling in over $1.7 billion, led by Tuesday's massive rally of over $900 million in positive flows.

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