Bitcoin ETFs in the U.S. attracted over $1.8 billion in inflows last week, part of a positive trend that began on April 17. Specifically, Thursday and Friday accounted for substantial inflows of $423 million and $675 million, respectively. Data shows that Bitcoin ETF inflows outpaced those of Ethereum by a staggering 10 to 1. The dominant ETF was BlackRock's iShares ETF, which recorded $2.56 billion in net flows, while competitors like Ark 21Shares saw significant outflows of $458 million. This strong engagement in Bitcoin ETFs coincides with a period of outflows in gold ETFs, with investors favoring Bitcoin as a hedge against U.S. assets. Over five trading days, Bitcoin ETF inflows surpassed $3 billion, a sharp contrast to the $1 billion outflow from gold ETFs. Industry experts note that institutional interest is rising, transforming the market landscape for Bitcoin investments. As Bitcoin’s dominance in the cryptocurrency market hits a four-year high, this trend reflects a broader shift in investor sentiment towards digital assets over traditional ones.

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