🎉The outflow of funds from the Bitcoin ETF in the United States has ended, with a net inflow of over $744 million last week.

In the past few weeks, the outflow of funds from Bitcoin ETFs in the United States has not been very optimistic, with weakened investor interest and poor sentiment. However, the latest situation seems to be improving, and new demand from investors may be on the rise.

According to SoSoValue data, the U.S. Bitcoin ETF continued its hot inflow momentum last week. On March 21 (Friday), there was a net inflow of 83.09 million USD for the entire day, marking the sixth consecutive day of net inflow for this type of crypto product.

On Friday, only two Bitcoin ETFs showed capital flows. The iShares Bitcoin Trust (ticker symbol IBIT) under BlackRock had the highest appreciation, reaching $104.99 million; while the Grayscale Bitcoin Trust (GBTC) experienced a net outflow of $24.47 million for the week.

Nevertheless, the single-day net inflow of $83.09 million has brought the weekly record of the Bitcoin ETF to an astonishing net inflow of $744 million. Interestingly, the record from last week for the Bitcoin ETF ended a consecutive five-week streak of net outflows.

It is worth noting that the Bitcoin ETF market in the United States has seen a total outflow of $5.39 billion over every five weeks since its listing. Among them, on February 25, the net outflow of cryptocurrency financial products exceeded $1.14 billion in a single day.

There is a view that the outflow of funds from the Bitcoin ETF is related to the uncertainty in the US financial market. Since Trump's re-election, the market has mainly been troubled by factors such as the global trade war and interest rate decisions.

Since the launch of the Bitcoin spot ETF in the United States, there has been ongoing discussion about how the performance of the Bitcoin ETF impacts the price of the flagship cryptocurrency market. As seen in the recent consecutive weeks of net outflows, whenever ETF investors exit the market, the price of Bitcoin tends to struggle.

However, despite the increasing demand for Bitcoin ETF in the United States, the Bitcoin market seems to still be in a consolidation range. However, it is believed that the continued demand for Bitcoin ETF may serve as a positive catalyst for the Bitcoin price to resume its upward trend.

As of now, the price of BTC is hovering around $86,000, with a slight increase in the past 24 hours.

Overall, the inflow of funds into the Bitcoin ETF in the United States has seen an improvement, which seems to be a positive signal.

#比特币ETF # capital inflow #market trend