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Spot Bitcoin ETFs Take In $5.3 Billion After Treasury Buyback Shift
The funds attracted $2.4 billion last week, including a $1 billion single-day inflow on Monday.
Mentioned assets
Spot Bitcoin ETFs have recorded $5.3 billion in cumulative inflows since the U.S. Treasury indicated it would increase long-term Treasury buybacks, with $2.4 billion arriving last week.
Monday brought $1 billion in net inflows, ranking as the ninth-largest single-day inflow for the products. The latest gains pushed year-to-date flows into positive territory after net outflows reached $5.7 billion in July.
The figures track demand for U.S. spot Bitcoin ETF products during a period when the Treasury has moved to expand buyback activity in longer-dated government debt.
