Bitcoin ETFs See Nearly $2B in Inflows
Bitcoin ETFs attracted nearly $2 billion in new money, with BlackRock’s $IBIT accounting for almost 70% of the total.
Ethereum ETFs also saw nearly $700M in inflows.
Why the move?
The U.S. Treasury announced larger long-term bond buybacks, initially pushing bond yields and the dollar lower.
A weaker dollar can make assets like Bitcoin and gold more attractive to investors.
Money is flowing back into crypto. Is this the start of another major Bitcoin move?
