Bitcoin profit-taking led to a slight drop in value, but the market stabilized above $72,400, reflecting ongoing institutional interest amid significant ETF inflows.
U.S. bitcoin ETFs saw consecutive strong inflows, totaling over $893 million on Wednesday following $879 million the day prior, signaling robust institutional engagement with BTC.
High inflows into bitcoin ETFs indicate a surge in institutional interest as BTC’s market dominance nears 60%, reflecting a strategy shift away from Ethereum.
With cumulative net inflows from KETFs reaching $24 billion since their inception, the latest inflows highlight a significant institutional pivot towards bitcoin.
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