Bitcoin ETF inflows confirm $86K uptrend, analysts say
- —U.S. spot Bitcoin ETFs took in $433 million Friday, ending the week at $6.1 million net
- —Fidelity's FBTC led with $310.7 million, BlackRock's IBIT added $108.4 million
- —Bitcoin closed above its 50-week moving average for the first time in 45 weeks
- —Ether funds saw $140.6 million in weekly outflows, while Solana products drew $60.7 million
Why it matters: Returning institutional demand and the break above $82,000 reinforce the bullish trend; the Sept. 24 Trump-Xi meeting is the next market test.
Source: crypto.news