Bitcoin ETFs See $457M Inflows Ahead of US CPI Report

The expectations of a lower US Consumer Price Index reading triggered notable institutional inflows and wild token volatility for the crypto ecosystem. Firstly, US-based spot Bitcoin exchange-traded funds saw a net inflow of $457.3 million on Wednesday, Dec. 17, according to data from Farside. Fidelity’s FBTC and BlackRock’s IBIT led the inflows, each worth $391.5 million and $111.2 million, respectively. On the other hand, spot Ethereum ETFs recorded a net outflow of $22.4 million, their fifth-consecut ...