Bitcoin ETFs attract $273 million after 8 weeks of outflows: Here's what it means for investors
India, July 20 -- US-listed spot Bitcoin ETFs have received about $273 million in fresh investor money over the last two weeks, according to data from SoSoValue. This is important because it ends an eight-week period when investors kept pulling money out of Bitcoin ETFs. During those eight weeks, investors withdrew more than $8 billion from Bitcoin ETFs.
In the first week of the recovery, Bitcoin ETFs received about $197.4 million in new investments, according to SoSoValue data. In the second week, the funds attracted another $75.7 million, taking the total for two weeks to about $273 million. Even though investors added money during the week, they also pulled out $424.7 million in one day after fresh military tensions between the US and...
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