U.Today – Michael Saylor, founder of MicroStrategy, shares insights on Bitcoin spot ETFs.

"Probably nothing," Saylor comments on daily Bitcoin ETF inflows

Saylor drew the crypto community’s attention to the recent daily inflows into Bitcoin exchange-traded funds (ETFs). He reposted a tweet highlighting “15 consecutive days of inflows for U.S. Bitcoin ETFs.”

Those inflows comprise hundreds of millions of US dollars. The smallest one constituted $103 million on November 27, while the largest was $766.66 million on December 5. The most recent inflow recorded was $275.39 million on November 18.

“Probably nothing,” Michael Saylor tweeted. The Bitcoin ETFs were approved for trading in January this year, allowing more than a dozen Bitcoin funds to enter the market and accumulate BTC daily.

Saylor highlights Hut8's big Bitcoin purchase

In another X post, Saylor shared news of crypto mining company Hut8 purchasing 990 Bitcoins for approximately $100 million, averaging $101,710 per coin. Hut8 is building a strategic Bitcoin reserve, now exceeding 10,000 BTC worth about $1 billion as of December 18.

This article was originally published on U.Today