Spot bitcoin ETFs snap outflow streak with $562 million in daily inflows

U.S. spot bitcoin exchange-traded funds (ETFs) experienced $561.9 million in net inflows on Monday, breaking a four-day streak of outflows and marking their strongest single-day intake since mid-January. This occurred despite bitcoin's volatility, which saw it drop to around $75,000 before rebounding to roughly $78,500. Fidelity's FBTC led the inflows with $153.4 million, followed by BlackRock IBIT's $142 million. Experts suggest this signals renewed conviction among large allocators who are using regulated ETFs for macro positioning or rebalancing. The preceding outflows were attributed to the convergence of price spreads between spot ETFs and futures, eroding arbitrage returns, and general risk aversion. However, as bitcoin prices tested support levels, some capital views current prices as a cost-effective allocation point, leading to the inflow return, though analysts caution this is a phased recovery, not necessarily a new rally confirmation. In contrast, spot Ethereum ETFs saw net outflows on the same day.

(Source：The Block)