BIT: ETF funds continue to flow into Bitcoin and continue to rise slowly

BITOfficial released a daily chart analysis saying that the spot Bitcoin ETF has recorded net inflows for nine consecutive trading days, and institutional buying continues to accumulate, providing support for prices. It said that Strategy has invested about US$11 billion to increase its holdings of Bitcoin this year, and ETF capital inflows and corporate buying have superimposed, which will help enhance market acceptance. The analysis believes that in the absence of obvious risk event disturbances, the current market structure still supports Bitcoin to maintain a slow upward trend.