This week kicked off on a positive note for Bitcoin ETFs, as institutional investors are making a strong comeback. On Monday, Bitcoin ETFs recorded over $380 million in net inflows, marking their largest single-day inflow since January 30.
The spike in capital inflow signals a renewed wave of institutional confidence in the leading coin, following an extended period of subdued activity in the ETF market.
Bitcoin ETFs Record Strong $381 Million InflowsOn Monday, net inflows in BTC ETFs totaled $381.40 million. The last time Bitcoin ETFs saw such a substantial injection of funds in a single day was nearly 13 weeks ago, making this latest surge notable.
The influx of capital reflects a resurgence in bullish bias among institutional investors toward BTC, at a time when broader sentiment has remained relatively cautious.
Yesterday, Ark Invest and 21Shares’ ETF ARKB recorded the largest daily net inflow, totaling $116.13 million, bringing its total cumulative net inflows to $2.60 billion.
Fidelity’s ETF FBTC came in second place with a net inflow of $87.61 million. The ETF’s total historical net inflows now stand at $11.37 billion.
Investor Confidence RisesBTC has recorded a modest 1% gain over the past 24 hours. This price surge has prompted an uptick in the count of new open contracts in the coin’s futures market, reflected by its rising futures open interest. At press time, this is at $58.46 billion, climbing 5% over the past day.
An asset’s open interest measures its total number of outstanding derivative contracts, such as futures or options that have not been settled or closed.
When BTC’s open interest rises along with its price, it indicates that more traders are entering the market, either opening new long or short positions. This is a bullish signal confirming growing investor interest in the king coin.
Further, BTC’s funding rate is positive at press time, highlighting the market’s confidence in its future price performance. This currently stands at 0.0068%.
When an asset’s funding rate is positive like this, long traders pay short traders. This means that more traders are betting on BTC’s going up, reflecting bullish market sentiment.
Moreover, today’s high demand for calls in the BTC options market supports this bullish outlook. According to Deribit, BTC’s put-to-call ratio is currently at 0.71.
This indicates that more call options are traded than puts, suggesting a bullish bias among options traders. This low ratio reflects growing investor confidence and expectations of upward price movement.
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