🔗 Crypto & Blockchain

Bitcoin ETFs Gulp Down $471 Million in a Day – Institutions Are Back, Big Time

Forget the summer slump. Spot Bitcoin ETFs just inhaled $471 million in a single day – the fattest inflow in six weeks. Institutions are piling back in, smelling opportunity where others saw smoke.

Chart of spot Bitcoin ETF inflows spiking to $471 million on a single day amid rising bars

⚡ Key Takeaways

  • Spot Bitcoin ETFs saw $471M inflow, largest in six weeks, signaling institutional return. 𝕏
  • Mt. Gox resolution and Fed hints fueled the surge, easing prior fears. 𝕏
  • This could mirror gold ETFs' boom, pushing BTC toward $100K by year-end. 𝕏
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Originally reported by The Block

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