Author: Yusuf Islam

US spot Bitcoin exchange-traded funds attracted more than USD 1 billion this week, according to SoSoValue, but the wider inflow trend remains weaker than during earlier major rallies. Since July 1, the funds have averaged about USD 86 million in daily net inflows, far below the pace that accompanied three steep Bitcoin advances.  That gap has drawn attention as Bitcoin trades near USD 83,500 and technology shares face fresh pressure after Tesla’s quarterly earnings. Bitcoin ETF Inflows Rise as Institutional Demand Returns The weekly inflows signal renewed interest, though analysts say a lasting increase in institutional buying remains unconfirmed. Vikram…