Bitcoin ETF Net Flow over $1B in Past Two Days

Dow Jones
08/21

0942 ET - Bitcoin ETFs have had a net inflow exceeding over $1 billion in the past two days, according to data from CoinGlass. With a net inflow of $606.3 million on Thursday, it's now $1.61 billion in net inflows reported over the past four days. This week has seen a resurgent appetite in cryptocurrencies, thanks to more attention coming from the Trump Administration and actions from the Treasury Department resurrecting the "dollar debasement" trade. It's a change from the trading that has dominated the crypto space all summer. "The current Bitcoin bear market is getting a little long in the tooth," says Zach Pandl of Grayscale Research in a note. Bitcoin spiked over $79,000 overnight, and was recently up 5.8% to $76,865.

 

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