Bitcoin ETFs Surge with Record Inflows Ending Five Week Streak
Spot Bitcoin exchange-traded funds ETFs in the US ended a five week streak of net outflows during the trading week ending March 21. Bitcoin BTC ETFs recorded an impressive net inflow of $744.35 million the highest amount seen in eight weeks. This also marked the continuation of a daily inflow streak extending to six consecutive days according to data from SoSoValue. US-based spot Bitcoin ETF flows are finally on the mend, setting a positive tone in the cryptocurrency market as investor confidence begins to show signs of recovery. This uptick in inflows is a noteworthy development as it signals a potential shift in market sentiment toward Bitcoin investments following a period of relative stagnation.