Demand for bitcoin ETFs accelerated last week, with $2.4 billion flowing into digital asset products. Allocations to new spot bitcoin ETFs offset outflows from Grayscale's GBTC, with BlackRock's IBIT and Fidelity's FBTC attracting billions.
Soaring demand for new bitcoin ETFs coincided with BTC hitting $52,000, as interest in crypto ETFs surged. Bitcoin dominated net inflows, signaling bullish sentiment towards new highs.
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