Crypto Investors Bet Big on Bitcoin With $507 Million Inflow

Crypto investors are rotating back into digital exposure with renewed confidence, as evidenced by two consecutive all-green sessions for exchange-traded funds (ETFs). On Wednesday, Bitcoin ETFs saw a surge in inflows, totaling $507 million. This significant influx of capital is a sharp contrast to the recent trend of outflows.

The rally was led by Blackrock's IBIT and Grayscale's GBTC, with other products such as Bitwise's BITB and Fidelity's FBTC also attracting substantial inflows. The total net assets under management for Bitcoin ETFs increased to $87.60 billion.