US Bitcoin ETFs Break Outflow Streak with $31 Million Inflows

After seven consecutive days of net outflows, US spot Bitcoin ETFs see a reversal as investor confidence returns.

US spot Bitcoin ETFs experienced a week-long outflow totaling $1.1 billion before reversing the trend.
Fidelity's Wise Origin Bitcoin Fund led the inflows with $49 million, followed by Bitwise's BITB fund with $15 million.
Grayscale's GBTC fund continued to see outflows, losing $30 million despite the overall positive trend.
Analysts suggest concerns over Mt. Gox repayments and other market factors contributed to the initial outflows.
Bitcoin's price saw a modest recovery, rising from $59,495 to $61,485, partially driven by derivatives liquidations.