Bitcoin ETFs See $1 Billion Inflows Amid Reversal of Weekly Outflows

US-listed spot Bitcoin exchange-traded funds (ETFs) have been attracting significant attention from investors in recent days, with over $1 billion in net inflows reported over the past three trading sessions. This marks a reversal of the five consecutive weeks of net withdrawals, which included a combined $2.82 billion outflow during the final two weeks of January.

The strong inflows were driven by several products, including BlackRock's iShares Bitcoin Trust (IBIT), which recorded $275.82 million in net inflows on Thursday alone. This surge in interest has been attributed to investors 'buying the dip' following the recent downturn in cryptocurrency markets.

While Bitcoin remains below its recent peak, trading at around $67,766 at the time of writing, the trend suggests that investor appetite for crypto exposure is not limited to Bitcoin alone. Other altcoins have also seen significant gains over the past week, with Cardano rising 7% and Solana gaining 5.5%.