US spot Bitcoin ETFs recorded $517.2 million in net inflows on Wednesday, their largest single-day investment since May 4. August net inflows reached $1.47 billion, with approximately $1 billion collected since Monday, marking the strongest weekly net inflow since the week ended January 16. Bitcoin approached $72,000, up 11% in the last 24 hours, while ether gained 19% to around $2,286. These inflows occurred amid a crypto rally driven by the US Treasury’s decision to expand longer-dated debt buybacks and President Donald Trump’s support for the CLARITY Act.
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