Bitcoin ETFs See $389 Million Inflow Despite Crypto Market Correction
The crypto market is down, and leading cryptocurrencies, especially Bitcoin, are struggling to recover from the losses encountered during recent dumps.
However, spot Bitcoin Exchange Traded Funds (ETFs) have remained unmoved as they have achieved consecutive inflows for the 8th day, according to data from SosoValue.
While investors appear to have relented on accumulating Bitcoin, they are aggressively betting big on U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs), as nearly $390 million in total net inflow was recorded on June 18.
