The leading digital currency shows signs of recovery, but certain data also allow for dreaming that it will return to the six-figure territory.
After a long weekend that kept cryptocurrency markets afloat, Bitcoin exchange-traded funds (ETFs) recorded their largest day of net inflows since late January.
This flow of fresh capital, which exceeded $381 million on Monday, can be interpreted as a sign of renewed institutional appetite and a tailwind for the crypto market. According to CoinGlass, this torrent of investments was primarily led by the ARK 21Shares Bitcoin ETF (ARKB), which captured $116.1 million.