Bitcoin (CRYPTO: BTC) price is attempting a comeback, rising in the past four consecutive days, reaching its highest point since June 23, even as exchange-traded funds (ETF) outflows jumped. BTC jumped to $62,615, up by 8.7% from its lowest point this month.
Bitcoin ETF Outflows Are Soaring
BTC price rose for four days as investors attempted to buy the dip after falling by over 50% from its all-time high. This rebound coincided with some ETF inflows on Thursday. SoSoValue data shows that inflows rose by $221 million on that day, ending a ten-day period of sustained outflows.
Still, despite the inflows, data suggests that American investors have been selling their assets in the past few months. Inflows jumped to $4.5 billion last month, the worst monthly performance since they were approved in 2024.
One potential reasons for the outflows is that investors have been moving from the crypto industry and investing in the booming stock market. Top US stock indices have recently jumped to a record high, with ETF inflows in the country surging. The popular Vanguard S&P 500 ETF (NYSE:VOO) added over $90 billion in assets this year and has crossed the $1 trillion mark.
