Bitcoin ETFs See $284 Million Inflow in a Week

According to a CoinShares report, Bitcoin ETFs saw an inflow of $284 million over the past week. This indicates growing institutional interest in the cryptocurrency and increased confidence from major investors.

Total inflows into digital assets amounted to $321 million, with Bitcoin being the primary focus, attracting the majority of investments. Ethereum, on the other hand, experienced outflows totaling $29 million, reflecting a shift in investor sentiment.

Analysts note that these figures could be precursors to a new bullish cycle in the crypto market. The increase in investments in Bitcoin ETFs suggests that institutional players are keen to include digital assets in their portfolios.