Create Post
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
- 0
- 0
- ₹0
