Bitcoin ETFs notch nearly $500M inflows despite nobody searching for it

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U.S. spot Bitcoin ETFs saw joint inflows reach $488 million with Google Trends data showing related search interest is still down from a 2021 peak.

U.S. Bitcoin ETFs saw inflows of over $488 million, but Google Trends data shows Bitcoin and crypto-related searches are far down from 2021 highs.) exchange-traded funds saw collective inflows of $488.1 million on June 5, but Google data shows hardly anyone is searching for it compared to 2021’s bull run — a bullish sign that retail hasn't arrived yet.of $886.6 million on June 4.

Google Trends data, which gives a value out of a total of 100 based on a search interest’s relative peak popularity — gave a score of 31 for searches for “Bitcoin” originating from the U.S. on June 5, while “Bitcoin ETF” had a score of 1. Other searches, like “Bitcoin price” and “crypto” have received a higher index score of 18 and 13, respectively, but are still far below the scores during 2021’s retail-driven bull run.

 

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