"Bitcoin ETFs Reverse Outflows Trend, Accumulate $15.4M Despite Market Volatility"

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Source: CoinDesk
"Bitcoin ETFs Reverse Outflows Trend, Accumulate $15.4M Despite Market Volatility"
Photo: CoinDesk
TL;DR Summary

Bitcoin spot ETFs accumulated $15.4 million on Monday, ending a five-day outflow streak, with Fidelity's FBTC leading the inflows. Nearly a dozen spot ETFs debuted in the U.S. on Jan. 11, allowing investors to take exposure to the leading cryptocurrency while bypassing the hassles of owning and storing the digital asset. Analysts anticipate stronger quarter-end flows, potentially lifting the cryptocurrency's price to new highs, but stress the need for spot ETF inflows and issuance of dollar-pegged stablecoin tether (USDT) for bitcoin to chart another aggressive move higher.

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