Bitcoin Price Tops $81,000 After ETFs Post $737M Single-Day Inflow
Crypto investment products logged $117.8 million in net inflows last week after reversing $619 million in outflows with a single-day $737 million injection on Friday. Bitcoin rallied above $80,000 for the first time since January and pushed past $81,000 early Tuesday, narrowing its year-to-date decline.
1. ETF Flow Volatility
Crypto investment products saw net inflows of $117.8 million last week, reversing $619 million in outflows from the first four days with a single-day injection of $737 million on Friday.
2. Bitcoin Price Recovery
Bitcoin climbed above $80,000 for the first time since January and extended past $81,000 early Tuesday, reducing its year-to-date decline to around 35% from its October peak.
3. Regional Investment Trends
US inflows slowed to $47.5 million while Germany and Canada contributed $43.8 million and $16 million, highlighting stronger European appetite during the midweek downturn.
4. Implications for Cleanspark
Increasing ETF inflows and Bitcoin's price recovery may enhance market sentiment and revenue prospects for mining firms like Cleanspark.