After five consecutive weeks of net outflows, Bitcoin spot ETFs in the United States recorded a spectacular resurgence of interest on Monday, with net inflows reaching $274.6 million. This is the highest level since February 4th, marking a significant turnaround after a period of intense selling pressure.
A record day for Bitcoin Spot ETFs
This Monday, Bitcoin spot ETFs in the United States saw a surge in interest after five consecutive weeks of net outflows, with net inflows reaching $274.6 million. This represents the highest level since February 4th, marking a significant turnaround after a period of intense selling pressure.
A reversal after $5.4 billion of outflows
For several weeks, the Bitcoin ETF market has been experiencing a massive exodus of investors, with $5.4 billion in cumulative net outflows. This reversal of trend indicates a gradual return of confidence, driven by the stabilization of Bitcoin prices and renewed institutional interest.
According to several analysts, this reversal of flows is fueled by institutional portfolio adjustments approaching the end of the quarter, as well as increasing demand for ETFs with reduced fees.
On Monday, five Bitcoin ETFs recorded net inflows, with no funds reporting outflows. Among them, Fidelity’s FBTC dominated the day with $127.3 million in inflows, followed by Ark’s ARKB and 21Shares with $88.5 million.
Meanwhile, BlackRock’s IBIT, the largest Bitcoin Spot ETF in terms of assets under management, attracted $42.3 million. The Grayscale Mini Bitcoin Trust and Bitwise’s BITB also benefited from positive inflows.
A lasting trend or a temporary rebound?
This increase in flows comes as Bitcoin appears to have found a balance point around $83,000, after intense volatility that saw its price fluctuate between $78,000 and $95,000 in recent weeks.
