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Bitcoin ETFs Snap Outflows Streak, Accumulate $15.4M

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Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team.

exchange-traded funds registered inflows totaling $15.4 million on Monday, ending a five-day run of outflows, according to provisional data

Last week, the ETFs saw a cumulative outflow of $887.6 million, thanks to large withdrawals from GBTC. Since the spot ETFs began trading, bitcoin has risen over 50% to $70,750. On Monday, prices rose just over 4%, briefly topping the $71,000 mark.Markus Thielen, founder of 10x Research, said quarter-end flows could be stronger than usual, lifting the cryptocurrency’s price to new highs.

 

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