Live updates: Bitcoin ETFs draw $517 million, ether pulls $189 million in biggest inflows in months
Bitcoin and Ether ETFs saw significant inflows, driving Bitcoin's price toward $70,000 and liquidating billions in bearish bets. Analysts are now watching to see if this breakout is sustained by continued institutional buying or if it will revert to previous support levels.
Why it matters
The surge in ETF inflows suggests a potential shift in institutional sentiment toward cryptocurrency markets.
The move rewarded the returning-demand read that had been building through the summer's quiet tape. Bitcoin spent months boxed below $64,000 as ETF flows slowly turned positive, and this is the breakout that flow rebuild was pointing to. XRP and Solana funds added small inflows, while Hyperliquid's product was the lone outflow at about $2 million.
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