US spot Bitcoin exchange-traded funds reached weekly net inflows of $1.42 billion last week.
This represents their best performance since early October.
Data from SoSoValue shows that BlackRock's IBIT led inflows, securing $1.03 billion for the week ending January 16. This weekly figure is the highest recorded since the week of October 10.
The increase in inflows came as the price of Bitcoin rose to approximately $97,000 at the end of the week, up from approximately $90,500 at the start. Since then, the crypto has experienced a pullback.
Bitcoin has fallen 2.6% in the last 24 hours. This decline follows headlines about tensions between the United States and the European Union and widespread risk aversion sentiment.
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