Spot Bitcoin ETFs take in $1B in three days as investors buy the dip
SoSoValue data shows a three-day reversal after weeks of withdrawals, with BlackRock’s IBIT leading inflows.
Spot Bitcoin exchange-traded funds pulled in more than $1 billion of net inflows over three trading sessions this week, a reversal that came even as Bitcoin remained sharply below its peak.
US-listed Bitcoin (BTC) logged a combined $1.02 billion in inflows from Tuesday to Thursday, according to data from SoSoValue. The funds pulled in $506.51 million on Wednesday, the largest single-day total during the three days.
On Friday, ETF analyst Nate Geraci said in a post on X that investors appear to be “buying the dip” despite the recent downturn.
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