American Bitcoin ETF funds recorded an impressive comeback, achieving a net inflow of $744 million over the last week, after five consecutive weeks of outflows. The largest single-day inflow of $274 million was recorded on Monday, March 17 – the highest single-day result in over a month.
Such a large rebound occurred after Bitcoin ETFs lost a total of over $5.3 billion since mid-February. The recovery may indicate growing institutional confidence in the cryptocurrency market as macroeconomic concerns ease. However, it should be noted that part of this demand may stem from arbitrage activities rather than a pure desire for long-term investment.
Meanwhile, Ethereum ETFs are still struggling with negative flows.