Bitcoin ETFs Stop the Bleeding with Newly Reported Inflows
After a challenging month, Bitcoin ETFs have witnessed a welcome shift. On March 12, inflows reached 13.3 million dollars, halting a lengthy outflow streak. Although over 1.67 billion dollars exited US spot Bitcoin and Ether ETFs earlier in March, this new influx suggests renewed investor interest.
Currently, spot Bitcoin ETFs have garnered 35.4 million dollars worth of inflows over just two days, demonstrating a potential turnaround for market momentum. Similarly, spot Ether ETFs have experienced sporadic inflows as well.
This reversal indicates a shift towards investor confidence, suggesting that the crypto market could be on the path to recovery. Investors should remain attentive to these trends as they watch for future developments.