Bitcoin ETFs Reverse Outflow Trend, Gain $15.7 Million

Spot Bitcoin ETFs have broken the five-day trend of net redemptions. They collected a net inflow of $15.7 million on Monday. That change is a sizeable reversal following a week when these funds have experienced over $885 million in net outflows. The recent influxes into Bitcoin ETFs demonstrate investor trust and have been part of the cryptocurrency’s market performance. The value of Bitcoin once hit $71,000, and the daily trading volume is up 26%.