Bitcoin ETF inflows reach $731 million, highest since January

VERA Brief

AI-generated. Grounded in the article and its cited sources.

US Bitcoin ETFs saw their highest daily inflows since January, reaching $730.9 million on Thursday. This occurred as Bitcoin's price surpassed $80,000, indicating increased capital allocation towards the cryptocurrency through regulated products.

Key facts

• US Bitcoin ETFs recorded inflows of $730.9 million on Thursday.
• This was the highest daily inflow for US Bitcoin ETFs since January.
• The inflow surge coincided with Bitcoin's price crossing the $80,000 threshold.
• Data suggests that despite the inflows, fresh demand for Bitcoin remained relatively weak.
• An upcoming key resistance level for Bitcoin is approximately $83,000.