CryptoQuant’s 30-day net holding tracker for Bitcoin ETFs has flipped positive for the first time this month, according to an X user.
Bitcoin ETFs in the US saw higher daily inflows amid global monetary policy easing. Data shows that US BTC ETF net daily inflows exceeded $100 million for the second consecutive day.
This positive outlook comes when China reportedly plans to inject $142 billion in capital to strengthen its major banks.
The broader crypto market sentiment has slightly improved, with top coins recording significant gains. Bitcoin has surpassed $63,000, Ethereum trades above $2,500, while Worldcoin (WLD) surged 14% after expansion announcements.Bitcoin ETFs Demand Surges as Price Holds Above $63,500
Bitcoin is trading above $63,500, with a slight daily increase of 0.44% and a weekly gain of 2.25%.
Meanwhile, interest in Bitcoin exchange-traded funds has increased, with the US spot BTC ETFs raking over $100 million in daily inflows for two consecutive days.
