US Bitcoin ETFs See Significant Inflows Amid Renewed Demand

US bitcoin exchange-traded funds (ETFs) have experienced a notable increase in demand, with $1.1 billion flowing into these investments over the past three days. The largest contributor to this surge was BlackRock's iShares Bitcoin Trust.

The Coinbase Premium Index has turned positive, signaling an uptick in US demand for bitcoin. This shift is significant, given that the cryptocurrency's price remains below its October peak.