Spot Bitcoin ETFs See $532M Inflows as BTC Reclaims $80K

Spot Bitcoin ETFs experienced a significant surge in net inflows, totaling $532.21 million on Monday, coinciding with Bitcoin's return above the $80,000 mark. This recovery in risk sentiment is attributed to a ceasefire agreement between the US and Iran. BlackRock's iShares Bitcoin Trust (IBIT) led with $335.49 million in inflows, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $184.57 million. Morgan Stanley's Bitcoin ETF (MSBT) also saw positive flows of $12.16 million. This inflow trend follows a recent period of outflows, marking a strong recovery for the ETFs. Bitcoin's price, trading around $81,029, is influenced by both internal crypto market sentiment and broader macroeconomic factors, including geopolitical events and upcoming US economic data. Meanwhile, Spot Ether ETFs also recorded positive inflows of $61.29 million on Monday.

(Source：Cointelegraph)