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CoinDesk·3 min read·medium

Finally. $221 million flow into Bitcoin ETFs, ending a painful 10-day outflow streak

O
Omkar Godbole
Finally. $221 million flow into Bitcoin ETFs, ending a painful 10-day outflow streak
AI Summary

Bitcoin ETFs saw a net inflow of $221 million, breaking a 10-day streak of outflows that had totaled $2.73 billion. While this provides a relief for investors, analysts note that the year-to-date net outflows remain substantial at $5.4 billion.

Why it matters

The shift in ETF flows is a key indicator of institutional investor sentiment toward cryptocurrency market recovery.

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Fidelity’s FBTC led the charge with a hefty $165.96 million inflow, followed by ARKB at $91.84 million and HODL at $4.35 million. BlackRock’s IBIT, the world’s largest Bitcoin ETF, was the outlier with a $40.43 million outflow.

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Confidence: 80%

The article presents market data objectively while acknowledging the broader context of the year's performance.

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