On Monday, Bitcoin ETFs registered $556 million in inflows, marking their highest in over four months. Fidelity’s FBTC led the way with gains of $239 million, while Bitwise’s BITB followed with $100 million. This surge in inflows is a multi-month high for bitcoin ETFs, with the last time they saw higher gains being on June 4, when they hit $886.75 million.
This increase in inflows also coincided with the last time bitcoin surpassed the $70,000 mark on June 6, indicating that BTC may be poised for further gains. Traders on Polymarket are currently offering a 64% chance of bitcoin reaching another all-time high in 2024, which is a nine percentage point increase from a week ago.
