Bitcoin weekly inflows hit 10-month high

Last week saw record-breaking inflows into Bitcoin exchange-traded funds, with net inflows reaching $1.92 billion—the largest in ten months—while Bitcoin's price rose by about 23% to around $77,000. This success was supported by a US plan to increase long-term bond buybacks and cut yields, along with a wave of short covering in the cryptocurrency. Despite these significant gains, the inflows remain below the outflows, which have amounted to $2.9 billion since the start of the year, raising questions about whether this momentum will sustain demand and steer the Bitcoin market back onto a long-term upward trajectory.

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