Crypto Blog
Bitcoin ETFs have been on an impressive streak lately, and the last trading week saw more than $500 million allocated to the largest US-based products.had a rough start of the month as they lost more than $550 million in just three days on August 2, 5, and 6. This coincided with the major crash for BTC as the asset tumbled from over $65,000 to under $50,000 in just a few days.
The past week was quite impressive for the financial vehicles as they attracted in total $62.1 million on Monday, $88 million on Tuesday, $39.5 million on Wednesday, $64.8 million on Thursday, and whopping $252 million on Friday. Overall, $506.4 million entered the ETFs in the span of five trading days.
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