After a significant pump earlier in the week, the market took a breather as U.S. bitcoin exchange-traded funds (ETFs) saw a second consecutive day of strong inflows. On Wednesday, the ETFs recorded over $893 million in inflows, following a $879 million influx on Tuesday. This marks the first time there have been back-to-back inflows of more than $850 million. Since their introduction in January, cumulative net inflows have now reached $24 billion, according to data from Farside Investors.
Investors continue to show confidence in bitcoin ETFs, with the recent inflows indicating a growing interest in the digital asset. The market’s stability in the face of recent fluctuations is a positive sign for the overall health of the cryptocurrency sector.
