US Bitcoin ETFs saw $310 million in inflows on Monday, the highest in a month.
This surge in inflows came after Bitcoin’s price dropped to around $55,000 over the weekend, which some investors may be viewing as a buying opportunity.
Spot Bitcoin ETFs like BlackRock’s IBIT and Fidelity’s FBTC led the buying activity, recording nearly $180 million and over $25 million in net inflows respectively.
The strong inflows suggest that institutional and retail investors are still confident in Bitcoin’s long-term prospects despite the recent price volatility.
COMMENTARIES:
@Voicelark: “Big money’s back! 💸🚀 Bitcoin ETF”.
@MetaStrikeHQ: “Bullish times ahead! 🚀 🚀🚀🚀”.
@growthinsurgent: “Waiting patiently to see what the %ETH inflows will be”.
@CEEJAY_xs: “This is just the beginning I told y’all, we’re gonna comeback 💪🏽🔥$BTC stands strong”.