Bitcoin Surges Past $64,000: Price Rebound Outpaces ETF Demand Despite $197M Inflow
Bitcoin has reclaimed momentum, surging past the $64,000 mark as market sentiment shifts. US spot Bitcoin ETFs recorded their first weekly net inflow in over two months, attracting $197 million across 13 products and effectively halting an eight-week streak of heavy redemptions.
Bitcoin's recent price action is outrunning the immediate demand from institutional vehicles. Despite a significant $197 million inflow into US spot Bitcoin ETFs—ending a brutal eight-week run of net redemptions that saw over $8 billion exit the sector—the asset's organic price appreciation has taken center stage. Bitcoin prices climbed 3% this week, pushing past critical resistance levels. This suggests that while ETF inflows are returning, the underlying market strength and volatility are driving the current $64,000 rebound more aggressively than the structured fund flows alone.
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