US-Traded Spot Bitcoin ETFs Rise Due to Institutional Influence! Here Are the Details

Spot Bitcoin ETFs traded in the U.S. saw net inflows of $458.2 million on Monday, signaling a return to buying by institutional investors.

According to SoSoValue data, $263.2 million of those inflows went into BlackRock’s IBIT fund. Seven other funds, including Fidelity and Grayscale, also reported net inflows, with no outflows recorded during the day.

Nick Ruck, Director of LVRG Research, stated that current price levels are seen as an attractive entry point for institutional investors following the recent correction and sideways movement. In the first two months of the year, increased volatility and falling prices led to net outflows exceeding $1.8 billion from Bitcoin ETFs.

However, last week’s weekly inflows of $787 million ended a five-week negative streak. Monday’s strong data indicated that this recovery trend is continuing.

BTC Markets analyst Rachael Lucas emphasized that institutional buying was diverging from individual investor sentiment. While the Fear and Greed Index signaled “extreme fear” in the retail sector, institutions were positioning themselves for a macroeconomic recovery.

A similar trend was observed in other crypto ETFs. Spot Ethereum funds recorded a net inflow of $38.7 million, Solana ETFs $17.4 million, and XRP ETFs approximately $7 million.

Despite rising global tensions, Bitcoin has increased 2.5% in the last 24 hours to $67,877, while Ethereum has risen 2.3% to $1,993. Analysts note that institutional demand remains strong despite the ongoing geopolitical uncertainties.

*This is not investment advice.