Bitcoin ETF Records Highest Inflow in 1.5 Months

Krutika Adani

$422 Million Inflows on 16 July

Bitcoin ETFs witnessed a massive inflow on 16 July after the top crypto recovered $60k. The inflow was the highest in 1.5 months.

Bitcoin ETF

What Caused the Spike in Inflows

Market recovery in selective cryptocurrencies followed by a perception that the market leader, Bitcoin, was oversold aided its market recovery.

Bitcoin Inflow Trends After Halving

Bitcoin ETF inflows had been uneven after the halving event. Despite witnessing high inflows on selective days, the average inflows were low for most of the post-halving period.

Will Ethereum ETFs Trigger More Inflows?

Though there is no direct correlation, the launch of Ethereum ETFs could trigger bullishness in the markets. As a result, Bitcoin ETFs might also witness increased inflows during such bullishness.

Future Outlook

As Bitcoin sees the end of the bearish factors, its price may soon witness a bull rally in the near term.

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