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    Anu T S in Crypto News

    23 Feb 12:30 PM


    Bitcoin ETF inflows recover as BTC price nears key $50K support

    A brief spate of weaker inflows into the spot Bitcoin ETFs reverses as the week progresses, but BTC’s price has yet to continue its uptrend.
    Bitcoin BTC $51,208 saw continued weakness into Feb. 23 as consolidation accompanied a brief slowdown in institutional investment Bitcoin ETFs bounce back from day of outflows
    Data from Cointelegraph Markets Pro and TradingView showed BTC price action struggling around $51,000.

    Bulls remained caught in a narrow trading zone, in place for more than a week, as concerns surfaced over inflows to the spot Bitcoin exchange-traded funds (ETFs).

    These slowed considerably in recent days, with Feb. 21 even seeing a net outflow of some $36 million, per data uploaded to X (formerly Twitter) by sources including BitMEX Research.

    Feb. 22 saw stronger activity — net inflows of just over a quarter of a million dollars, even accounting for outflows from the Grayscale Bitcoin Trust (GBTC).

    Source - Coin Telegraph