Bitcoin Spot ETFs See $5.3 Billion Inflow Following US Treasury Buyback Announcement

According to Nate Geraci, co-founder of The ETF Institute, Bitcoin spot ETFs have recorded a cumulative net inflow of $5.3 billion since the US Treasury announced an increase in long-term bond buybacks. Last week alone saw $2.4 billion in net inflows, including a $1 billion single-day inflow on Monday, which ranks as the ninth-largest in history. The year-to-date flows for Bitcoin spot ETFs have now shifted from a net outflow of $5.7 billion in July to a positive net inflow.