Spot Bitcoin ETF Net Inflows Surge To $417M, But Why Did Price Not Move?
Substantial fund inflows into Bitcoin spot Exchange-Traded Funds (ETFs) have coincided with a notable dip in Bitcoin‘s (CRYPTO: BTC) price, sparking discussions about the current sentiment among investors. What Happened: According to data from SoSoValue, the Bitcoin spot ETF sector witnessed a significant net inflow of $417 million on Tuesday. Particularly, Fidelity’s Bitcoin spot ETF, (BATS:FBTC), led this surge with a record single-day net inflow of approximately $279 million, indicating a strong investor appetite for Bitcoin exposure through regulated financial vehicles. In contrast, the Gr…