Bitcoin ETF Market Experiences Longest Growth Since February: Analysts

Since mid-May, there has been a significant increase in capital flowing into the Bitcoin ETF market, as reported by Farside.

This trend has continued for two weeks in a row, marking the longest period of capital influx since February 2024.

It is worth noting that January saw the release of Bitcoin ETFs on the American stock market. According to reports, the BlackRock IBIT fund held the largest amount of BTC by the end of last month.

The influx of investments into BTC ETFs in February led to the digital currency reaching a peak of $73,700 in March. Investors have been steadily entering crypto funds for 13 consecutive days, with the only exception being last Friday’s slight outflow.

The ARKB fund observed a withdrawal of $100 million, but this was offset by the influx of capital into other similar products. Analysts have reported that the net investment in Bitcoin ETFs per day amounted to approximately $48.8 million, highlighting the growing interest in this market.