Bitcoin ETFs Record $70M Inflows, Ending Four-Week Outflow Streak
Spot Bitcoin and Ethereum ETFs have reversed recent trends with significant weekly inflows as analysts point to potential market bottom.
Spot Bitcoin exchange-traded funds recorded $70 million in net inflows last week, breaking a four-week streak of outflows, according to market data [1]. The reversal signals renewed institutional interest in cryptocurrency investment products.
Spot Ethereum ETFs showed an even stronger turnaround, posting $312.6 million in net weekly inflows after three consecutive weeks of heavy withdrawals [1].
The positive ETF flows coincide with growing analyst sentiment that Bitcoin may have established a short-term price floor. Trader Mister Crypto noted that Bitcoin's Relative Strength Index is approaching oversold levels while whale investors have reopened long positions, potentially setting up a relief rally toward the $100,000–$110,000 range [1].
André Dragosch, research head at Bitwise Europe, suggested Bitcoin could see significant upside ahead, arguing that current prices don't adequately reflect improving macroeconomic expectations [1].
The ETF inflow data provides a key indicator of institutional sentiment, as these regulated investment vehicles offer traditional investors exposure to cryptocurrency markets without directly holding digital assets.
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