U.S. Bitcoin (CRYPTO: BTC) ETFs recorded back-to-back inflows totaling $616 million for the first time in a month, yet total holdings dipped only 6% despite Bitcoin’s 50% crash as BTC tests critical $68,000 support.
The Institutional Conviction
Bitcoin ETFs registered consecutive inflows starting Friday with $471.1 million, followed by $144.9 million on Monday, according to SoSo Value data.
This ended a redemption streak stretching back to mid-January.
According to Checkonchain, cumulative assets across 11 funds dropped only 7% since early October, sliding from 1.37 million BTC to 1.29 million BTC.
During this same period, Bitcoin crashed over 40% from record highs above $126,000.
This reveals institutional staying power. …