Bitcoin ETFs Saw $724 Million In Inflows Last Week, Snap Outflow Streak: Report

Bitcoin (CRYPTO: BTC) investment products attracted $724 million in fresh inflows last week, marking a sharp reversal after five consecutive weeks of outflows, according to CoinShares’ report on Monday.

What Happened: The surge comes as the broader digital asset investment market recorded $644 million in inflows, snapping a prolonged trend of investor withdrawals that totaled $5.4 billion for Bitcoin alone over the previous five weeks.

CoinShares noted that inflows were recorded every single day last week, signaling what it called a “decisive shift in sentiment” towards cryptocurrencies.

“The recovery in inflows marks renewed optimism in …

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