Bitcoin ETFs Surge as Trading Volumes Reach February Highs

US spot Bitcoin ETFs experienced significant inflows of $458.2 million on Monday, extending the previous week's rebound despite escalating Middle East conflict. This brought the cumulative net inflows to $55.3 billion, with trading volume hitting $5.8 billion, the highest since early February. Bitcoin rose about 3% on the day, attributed by analysts to strong US spot buying and improving sentiment despite geopolitical risks. Altcoin funds also saw positive momentum, with Ether, Solana, and XRP funds recording inflows. BlackRock's IBIT led Bitcoin fund inflows with $264 million. Industry figures like Samson Mow noted Bitcoin's resilience over the weekend against tensions surrounding the US strike on Iran, suggesting fading panic among short-term holders, while others, like VanEck's CEO, expressed optimism about BTC's gradual pickup this year driven by the halving cycle.

(Source：Cointelegraph)