Coinbase's latest report highlights a rise in institutional inflows into U.S. spot Bitcoin ETFs, signaling growing interest from the investment advisor sector despite recent market downturns.
Bitcoin spot ETFs saw their largest inflows in 2 weeks on Thursday, totaling $192.5M. The inflows helped push Bitcoin back above $60K after dipping below $50K earlier this week.
Australia's leading stock exchange, the ASX, approved its second Bitcoin ETF, reflecting growing appetite for Bitcoin investment vehicles within the mainstream Australian market.
Spot Bitcoin ETFs in the U.S. recorded their largest daily inflow in almost a month on Monday at $129 million, marking a bullish sign for Bitcoin as historically positive July seasonality approaches.