Data shows the Bitcoin spot exchange-traded funds (ETFs) have seen their 14-day netflow trend climb into the positive territory, ending a period of sustained outflows.
Bitcoin Spot ETF Netflow Has Been Rising Recently
As highlighted by on-chain analytics firm Glassnode in a new post on X, the Bitcoin spot ETFs have seen their 14-day netflow trend climb higher recently. “Spot ETFs” refer to investment vehicles that allow investors to gain indirect exposure to an underlying asset’s price movements.
In the United States, the Securities and Exchange Commission (SEC) approved spot ETFs for Bitcoin back in January 2024. Thus, these funds have now been active for more than two years.
Since spot ETFs trade on traditional markets, they provide for an off-chain route into BTC. Whenever a trader invests into them, the fund buys the on-chain tokens and custodies them on their behalf. This convenience of the vehicles has made them a popular mode of investment among the more tradi
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