The inflows into spot Bitcoin ETFs have finally turned out to be positive after two strong weeks of outflows of over $1.2 billion. This development happened with the Bitcoin price gaining the lost ground and surging over 4.40% all the way to $57,100 as of press time. Bitcoin has rebounded firmly following the weekend crash to $54,000 showing a shift in the market sentiment. Amid the recent market criticism for the ETFs, Bitwise CIO Matt Hougan has come out in defense stating that investment advisers continue to have an interest in them.
Bitcoin ETF Inflows Resume Amid Shift In Market Sentiment
As per the Farside Investors data, the total inflows into spot Bitcoin ETFs on Monday stood at $28.6 million, with Fidelity’s FBTC seeing $28.6 million in inflows and Bitwise’s BITB recording $22.0 billion in inflows. On the other hand, Grayscale’s GBTC recorded $22.8 million in outflows, while BlackRock’s IBIT saw $9.1 million in outflows.
Yesterday’s inflows provide huge relief after
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