U.S. spot Bitcoin Exchange Traded Funds (ETFs) experienced a modest but notable rebound in inflows this week. Despite ongoing market uncertainty and a challenging period marked by outflows last week, BlackRock’s IBIT ETF led the charge, attracting $36.72 million in fresh investments. This surge brings total inflows past the $39.6 billion mark. On Monday, however, investor appetite for Bitcoin remains cautiously guarded as evidenced by the increase in open interest in derivatives markets to reach $56 billion, and a slight shift towards bearish positions expressed through negative funding rates. Options trading reflects this cautious sentiment with more puts (betting on decline) than calls (betting on rise).