Bitcoin ETFs attracted $2.56 billion in investment since last Monday, including $652 million this week alone, according to Farside Investors data. Bitcoin was recently trading at $78,302, having surged nearly 25% over a seven-day period and hitting a high of $81,160 on Monday. This rally follows a sluggish June and July when the cryptocurrency mostly traded below $65,000. The U.S. Treasury’s announcement to at least double its liquidity-support buyback operations boosted non-yielding assets like Bitcoin and gold. Bitcoin ETFs had their best week since October with nearly $2 billion in inflows.
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