Substantial Inflows Into Spot Bitcoin ETFs Signal Growing Institutional and Retail Investor Confidence in BTC

Both institutional and retail investors of the Spot Bitcoin Exchange-Traded Funds (ETFs) are beginning to bet big on BTC

Institutions and retail investors are betting big on Bitcoin (BTC) through spot exchange-traded funds (ETFs), as evidenced by a substantial surge in inflows.

Data from Farside Investors, shared by crypto expert and Chief Information Officer (CIO) of MN Consultancy Micheal Van De Poppe, shows a net positive inflow of $202 million into spot Bitcoin ETFs on Monday.

This marks a significant increase from the previous Monday’s inflows of $62.1 million, highlighting a rising interest in the products.

In fact, the net inflows for Monday alone constitute nearly 50% of the total net inflows recorded throughout the entire trading week, which amounted to roughly $500 million.

According to Van De Poppe, if the spot Bitcoin ETFs continue to attract strong inflows, it bodes well for the flagship cryptocurrency’s price.

Given the influence of these products on price and the renewed interest from investors, the market expert is optimistic that BTC could reach a new all-time high before the month ends.

notably, BlackRock’s iShares Bitcoin Trust (IBIT) is single-handedly responsible for the bulk of the inflows.

The platform’s IBIT fund attracted over $224 million in daily inflows, marking its highest since July 22, when it saw about $526 million in capital.

Among other investment management companies, Franklin BTC ETF (EZBC) and WisdomTree BTC Fund (BTCW) both received positive inflows of $5.5 million and $5.1 million, respectively.

Meanwhile, Bitwise BTC ETF (BITB), Fidelity Wise Origin Bitcoin Fund (FBTC), and VanEck BTC ETF (HODL) saw substantial daily outflows of $16.6 million, $8.3 million, and $7.2 million.

Lastly, Grayscale’s BTC ETF (GBTC), Invesco Galaxy Bitcoin ETF (BTCO), and Coinshares Valkyrie Bitcoin Fund ETF (BRRR) had zero daily inflows.

This influx of capital into spot Bitcoin ETFs follows a recent decline in BTC’s price, falling from around $65,000 to $62,720.

The development suggests that both institutional and retail investors are using the price dip to increase their exposure to the digital asset.

With the products continuing to attract strong inflows, there is a possibility that BTC may begin to rally once again in the coming days. At the time of writing, BTC is trading at $62,818, with its trading volume up by over 44% in the past 24 hours.

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