Starting March 14, Bitcoin ETFs have shown positive momentum, marking seven consecutive days of inflows, signaling renewed investor confidence.
Bitcoin ETF Recovery
From February 10 to March 13, Bitcoin ETFs faced significant outflows, leading to a 17% drop in Bitcoin’s price. However, from March 14 to 24, consistent positive inflows were recorded, resulting in an 8% price rebound.
ETF Inflows and Bitcoin Price Correlation
Historical data shows that ETF inflow changes correlate with Bitcoin prices. Inflows align with price increases, while outflows generally lead to price drops.
Solana ETF's Role in Market Momentum
A filing for a Solana ETF backed by Fidelity has been submitted, potentially drawing more institutional investments and bolstering the current positive trend.
The seven-day streak of inflows into Bitcoin ETFs, along with developments like the Solana ETF filing, suggests a potential continuation of market recovery.
