Bitcoin Spot ETFs See Inflows of $30.4 Million Ahead of Halving, Signaling Investor Anticipation

IconCrypto News Terminal20 Apr, 2024

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Bitcoin Spot ETFs See Inflows of $30.4 Million Ahead of Halving, Signaling Investor Anticipation

Bitcoin spot ETFs recorded net inflows of $30.4 million on the day preceding the much-anticipated Bitcoin halving event, marking a reversal from the outflows seen since April 12. The inflows, primarily driven by FBTC and ARKB, suggest that investors anticipate a post-halving price increase and are adding Bitcoin to their portfolios. Previously on [date], Bitcoin spot ETFs recorded net inflows of $30.4 million on the day preceding the much-anticipated Bitcoin halving event.