Crypto ETFs draw $2.39B weekly inflow as Bitcoin slips to $83,500
- —Weekly crypto ETF inflows hit $2.39 billion, turning year-to-date flows positive
- —Bitcoin dropped 4.3% to $83,500 as 10-year Treasury yields rose to 5.20%
- —BlackRock's IBIT drew $1.16 billion, Fidelity's FBTC $701.6 million, ARK 21Shares' ARKB $294.7 million
- —Total ETF net asset value stands near $108 billion versus a $152 billion peak
Why it matters: ETF demand held up even as Bitcoin sold off, signaling resilient institutional appetite despite pressure from rising Treasury yields.
Source: crypto.news