$643 Million Flows into Bitcoin ETFs: Strongest Inflow Since January

Bitcoin ETFs saw an inflow of $643 million last Thursday.

U.S.-traded spot Bitcoin ETFs recorded a net inflow of $643 million last Thursday. According to data shared by Glassnode, this amount represents the strongest single-day flow seen since January and follows the ETFs’ best month of the year.

This data indicates that the daily flow directed toward spot Bitcoin ETFs has reached its highest level since January. The chart presents ETF flows alongside the Bitcoin price; however, this visual correlation alone does not prove the inflow’s impact on price.

Strong capital inflow into Bitcoin ETFs

The $643 million inflow in Glassnode’s data stands out as a significant jump compared to previous periods of the year. The post also noted that ETFs have just concluded their strongest month of the year.

However, a single-day ETF inflow does not definitively prove that the Bitcoin price will rise. The direct conclusion of this data is simply that a robust daily capital flow was recorded in spot Bitcoin ETFs.