Demand for the US spot Bitcoin Exchange-Traded Funds (ETF) has rebounded after weeks of low activity. This surge in inflows signals a shift in institutional investors’ sentiments, with market participants hopeful for further price gains.
Those cautious about direct Bitcoin exposure now embrace the coin as a regulated investment vehicle.
The Bitcoin ETF Demand Stat from CryptoQuant analysis
In an X post, CryptoQuant founder Ki Young Ju highlighted Bitcoin ETFs’ outstanding performance. He noted that demand has hit a 6-month high, with net inflows totaling 64,962 BTC over the last 30 days.
The Bitcoin ETFs recorded the last comparable data in April when the coin traded above $72,000. Subsequent bearish trends in price reflected negatively in ETF flows.
For most of May, spot Bitcoin ETFs experienced a decline in holdings corresponding with the coin’s initial retracement below $56,000. However, this pattern soon turned around, with positive inflows hitting monthly highs
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