After weeks of outflows, Bitcoin and Ethereum ETFs have seen significant inflows for the first time since early February. This event may indicate a shift in market sentiment.
Current Situation in the ETF Market
After several weeks of outflows, yesterday Bitcoin ETFs recorded net inflows of $275 million. This was the largest daily inflow since February 4, with none of the twelve ETFs showing net outflows.
Impact of Institutional Investors
BTC Markets analyst Rachael Lucas stated that positive changes are related to Bitcoin price stability and increasing interest and confidence of institutional investors. Factors such as demand for low-fee ETFs and quarter-end portfolio rebalancing played a role. For instance, Fidelity FBTC led with inflows of $127.3 million.
Comparison with Ethereum ETFs
Despite inflows in Bitcoin ETFs, Ethereum ETFs continue their nine-day streak of net outflows, the latest being $7.28 million.
The sharp increase in Bitcoin ETF inflows may signal a significant shift in market sentiment. However, the negative trend in Ethereum ETFs indicates ongoing investor uncertainty.
