Nearly $1 billion in bitcoin ETF inflows power bull case as Kelp hack fuels DeFi jitters

What Happened

U.S. spot bitcoin ETFs received $663 million Friday, marking the largest inflow since January 15. Weekly inflows totaled $996 million, up from $786 million prior week, signaling strong institutional demand. Bitcoin trades above $75,000 after hitting $78,000 Friday. DeFi platform KelpDAO hack causes Aave token to drop 1 percent, creating market jitters. Analysts say sustained ETF inflows indicate structural demand rather than tactical positioning.

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