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Biggest Net Inflow Day for Spot Bitcoin ETFs in 2 Months as BTC Price Eyes $66K

  • Investors allocated over $360 million in net inflows into US-based Spot Bitcoin ETFs, the highest levels in over two months.
  • The inflows into Spot Bitcoin ETFs have corresponded with a price increase for BTC, with the price surging from $59,300 to almost $66,000 in just over a week.
  • Spot Ethereum ETFs have not performed as well as Bitcoin ETFs, experiencing major withdrawals during the week when the US Fed cut interest rates.
  • Despite the outflows, Ethereum's price has gained over 14% on a weekly scale and now sits above $2,660.

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