US Bitcoin ETFs Experience Significant Inflows Amid Market Rally
- US-listed spot Bitcoin ETFs have seen nearly $1 billion in inflows since March 9.
- Bitcoin’s price increased by over 12%, rising from $65,960 to $74,250 during this period.
- This marks the longest streak of inflows into Bitcoin ETFs since October last year, totaling $962.8 million.
- The recent inflow streak follows a previous nine-day run that garnered nearly $6 billion in inflows.
- The Crypto Fear & Greed Index rose to a score of 28, moving out of the “Extreme Fear” zone for the first time since late January.
The increase in Bitcoin ETF inflows coincides with ongoing geopolitical uncertainties and market volatility, which have contributed to heightened investor interest and sentiment in cryptocurrencies.
As Bitcoin reached $74,250, it reflects a significant recovery and renewed interest in the market with total ETF inflows hitting $962.8 million since March.(Source)
