Bitcoin ETFs snap six-day outflow streak with $240M inflows

Spot Bitcoin ETFs saw $240 million in inflows after six straight days of outflows, signaling a renewed wave of institutional demand for BTC.

Update Nov. 7, 1:53 pm UTC: This article has been updated to add a Twitter post from Bloomberg analyst Eric Balchunas.

United States spot Bitcoin exchange-traded funds (ETFs) recorded a $239.9 million net inflow on Thursday, ending a six-day slump of outflows draining almost $1.4 billion from the market. 

According to data from Farside Investors, the reversal came after a turbulent week of profit-taking driven by macroeconomic uncertainty, which led to redemptions across the largest institutional Bitcoin (BTC) investment vehicles. 

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