Bitcoin ETFs Reverse $8 Billion Eight-Week Bleed With $510M Inflows in Three Days

According to 21Shares, Bitcoin exchange-traded funds generated $510 million in net inflows over the past three days, reversing a record slump after shedding $8 billion over eight weeks.

"It looks like sentiment might be turning a corner," said James Butterfill, head of research at 21Shares. "They are the largest inflows we've seen since the outflows began in early May, suggesting we're maybe through the worst of it." Bitcoin traded around $62,000 on Wednesday, up 4% for the week, according to CoinGecko.