"Highest Inflow Since February"...Bitcoin Spot ETF Stops Outflows, Successfully Rebounds

▲ BlackRock Bitcoin/ChatGPT Generated Image

The Bitcoin (BTC) spot ETF market, led by BlackRock, saw an inflow of over $470 million in a single day, marking the highest amount since February.

According to cryptocurrency media outlet Cointelegraph on April 10 (local time), the U.S. Bitcoin spot ETF market recorded a total net inflow of $471 million last Monday. This figure is the largest for a single trading day since February 25, when it attracted $507 million. This is interpreted as a result of restored investor sentiment as Bitcoin prices temporarily approached the $70,000 mark.

BlackRock's IBIT led the market by attracting $182 million. Fidelity's FBTC followed with $147 million, and ARK 21Shares' ARKB recorded net inflows of $119 million, respectively. Notably, ARKB achieved its largest daily inflow since July 10 last year, demonstrating a strong presence. Blockchain analytics firm Arkham analyzed that the capital outflow, which had stopped last week, has completely reversed.

Bitcoin prices showed volatility, nearing $70,000 before slightly retreating below $69,000. Tensions rose in the market as geopolitical pressures and security concerns emerged simultaneously. The Fear & Greed Index, which reflects investor sentiment, recorded 13, maintaining a state of extreme fear. Despite price fluctuations, institutional investors appear to be actively buying the dip.

The total net inflow over three trading days in April reached $307 million, and the total assets under management once again surpassed $90 billion. This is a clear reversal compared to the outflows of $1.61 billion and $207 million recorded in January and February, respectively. After successfully achieving its first monthly rebound in March with a net inflow of $1.3 billion, the upward trend continues.

Not only Bitcoin but also the Ethereum (ETH) spot ETF market showed a concurrent recovery, recording a net inflow of $120 million on Monday. This figure immediately offset the $78 million outflow that occurred over the previous two days. As the inflow of institutional capital accelerates across the virtual asset market, optimistic forecasts for future price trends are gaining traction.

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