Return Signal from Bitcoin ETFs: The Biggest Inflow in 6 Weeks Seen! - Coin Bulletin

Spot Bitcoin ETFs in the US reached their highest level in recent months on Monday with a net inflow of $274.6 million (BTC).

In the last few weeks, the needle turned upwards again in Bitcoin ETFs under selling pressure. According to the data of the investment analysis platform SoSoValue, approximately $5.4 billion had been withdrawn from these funds in the last 5 weeks. However, the high amount of money inflow on Monday indicates that a positive atmosphere is starting to form in the market.

BTC Markets analyst Rachael Lucas said this positive change is related to the stability in Bitcoin price and the increasing interest of institutional investors. Lucas emphasized that the portfolio adjustments at the end of the quarter and the increasing demand for ETFs with lower commissions also supported the capital inflow into funds.

On Monday, while five of the Bitcoin ETFs reported net inflows, no fund saw outflows. Fidelity's FBTC fund led the inflows with $127.3 million, while $88.5 million was allocated to the ARKB fund, a partnership between Ark and 21Shares. BlackRock's IBIT fund also saw an inflow of $42.3 million from one of the world's largest asset managers. Additionally, Grayscale's Mini Bitcoin Trust and Bitwise's BITB funds both recorded net inflows.

The total transaction volume in the ETF market reached $1.87 billion on Monday, while the total net inflow since the listings of the funds amounted to $35.58 billion.

Bitcoin is currently balanced at 83 thousand dollars these days. The price of BTC, which experienced significant fluctuations at the beginning of this month, ranged from 78,500 dollars to 94,000 dollars.

Lucas noted that fluctuations in the price of Bitcoin may continue and emphasized the importance of closely monitoring the moves of institutional investors as the quarter end approaches.