Bitcoin exchange-traded funds (ETFs) experienced a significant surge in investments, with $853.54 million in net inflows last week, according to reporting from CoinDesk. This marks the strongest weekly inflows since mid-April.
BlackRock's IBIT took the bulk of these inflows, indicating a strong interest in bitcoin-based investment products. The influx of capital into spot ETFs suggests that investors are increasingly looking to gain exposure to bitcoin through traditional financial instruments.