Bitcoin ETF saw the largest net inflow in 3 months

This week starts with positive signals for Bitcoin ETF, as investment institutions are strongly returning.

On Monday, the Bitcoin ETF recorded over $380 million in net inflows, marking the largest single-day inflow since January 30.

The sudden surge in cash flow indicates the confidence of institutions in top assets, after a long period of inactivity in the ETF market.

Bitcoin ETF records an inflow of 381 million USD

On Monday, net inflows into BTC ETF funds reached 381.40 million USD. The last time the Bitcoin ETF saw such a large amount of money pumped in one day was 13 weeks ago, making this surge the focal point of attention.

The influx of capital reflects a revival in the bullish trend of institutional investors towards BTC, at a time when the overall sentiment remains relatively cautious.

Total net inflows into Bitcoin ETFs | Source: SosoValueYesterday, Ark Invest and the ARKB ETF from 21Shares recorded the largest daily net inflow, totaling $116.13 million, bringing the total accumulated net inflow to $2.60 billion.

Fidelity's FBTC ETF ranks second with a net inflow of 87.61 million USD. The total net inflow of this ETF is currently at 11.37 billion USD.

Investor confidence increases

Bitcoin (BTC) has recorded a slight increase of more than 1% in the past 24 hours. This price increase has driven the number of new open contracts in the futures market to rise. At this time, this figure is 58.46 billion USD, up 5% for the day.

Open BTC contracts in the futures market | Source: CoinglassOpen contracts of an asset measure the total number of outstanding derivative contracts, such as futures or options that have not been settled or closed.

When the open interest of BTC increases along with its price, it indicates that many traders are entering the market, opening new Long or Short positions. This is a bullish signal confirming investor interest in the leading asset.

Moreover, the funding rate of BTC is at a positive level of around 0.0068% at the moment, highlighting the market's confidence in its future price performance.

The funding rate of BTC | Source: CoinglassWhen the funding rate of an asset is positive, Long traders will pay Short traders. This means that many traders are betting on BTC's growth, reflecting a bullish market sentiment.

Moreover, high demand in the BTC options market supports this bullish outlook. According to Deribit, the put-to-call ratio of BTC is currently 0.71.

The open interest of BTC in the options market | Source: DeribitThis indicates that more call options are being traded than put options, suggesting that options traders are leaning towards a bullish trend. This low ratio reflects investor confidence and expectations of increased price volatility.

You can see the price of BTC here.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

Viet Cuong