Bitcoin ETFs Turn Positive After Five-Day $1.7B Losing Streak

In brief

• Bitcoin ETFs saw $6.8 million in inflows yesterday, after five consecutive days in which daily total outflows ranged from $32 million to $708 million.
• The price of Bitcoin has posted a 1% gain in 24 hours, with analysts arguing that more gains are dependent on whether flows remain positive.
• Some analysts also suggest that Bitcoin’s price is increasingly tied to the U.S. dollar, which could rebound after a period of steady decline.