Last week, Bitcoin ETFs saw inflows of $1.35 billion, contributing to a total of $1.44 billion in crypto fund investments, pushing the year-to-date total to a record $17.8 billion, surpassing 2021's $10.6 billion. Most inflows came from U.S. investors, with U.S. spot Bitcoin ETFs peaking at $310 million on Friday. Ethereum attracted $72 million, anticipating U.S. spot ETF approvals, while Solana, Avalanche, and Chainlink also saw positive inflows. CoinShares' James Butterfill attributed this to the German government's Bitcoin sales and improved sentiment from lower U.S. CPI figures. The German government sold $4.3 billion worth of Bitcoin, with crypto whales and leveraged BTC positions between $58,000 and $62,000 indicating bullish sentiment.
Source: Decrypt