U.S. Spot Bitcoin ETFs See $621.9 Million Net Inflows, Reversing Recent Outflow Trend

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BitcoinWorld 2w ago

U.S. Spot Bitcoin ETFs See $621.9 Million Net Inflows, Reversing Recent Outflow Trend - BitcoinWorld

Quick Summary:

Spot Bitcoin ETFs See $621.9 Million Net Inflows, Reversing Recent Outflow Trend On November 6, U.S.spot Bitcoin ETFs collectively recorded $621.9 million in net inflows, marking a strong recovery from three consecutive days of outflows, according to data from Farside Investors.

Among the ETFs, Fidelity’s FBTC led with an inflow of $308.

Increased Demand for BTC: As more funds flow into spot Bitcoin ETFs, demand for Bitcoin is likely to increase, which can drive up its price.