BTC ETF Sees Significant Net Inflows Over Past Week

According to Odaily, Lin Chen, Deribit's Head of Business for the Asia-Pacific region, reported on X that Bitcoin ETFs experienced a net inflow of $2.133 billion over the past week. This resulted in an increase of 32,373.31 BTC. BlackRock significantly contributed to this inflow by adding 17,171.29 BTC, accounting for 53% of the total increase. Fidelity also increased its holdings by 4,998.76 BTC, and Grayscale shifted from a continuous net outflow to a slight net inflow. Compared to previous periods, the market has shown a noticeable recovery with high sentiment and strong purchasing power, with the current price fluctuating around $68,000.