Bitcoin ETFs attract $1.08 billion in 3 days but it may not be enough for a steep rally
Past steep rallies ran on about $235 million a day of net inflows into ETFs. The funds are yet to match that pace, according to data analyzed by CoinDesk.
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Summary
- U.S.-listed spot bitcoin exchange-traded funds attracted more than $1 billion this week, signaling renewed but still tentative institutional demand.
- Bitcoin’s three steep rallies since January 2024 coincided with average daily ETF inflows above $200 million, compared with about $86 million a day since July 1.
- A sustained bitcoin rally may require stronger, steadier ETF inflows, though futures trading and direct purchases can also drive prices higher.
