Bitcoin ETFs Surge Amidst Market Volatility and Strong Prices

Investment interest in Bitcoin exchange-traded funds (ETFs) has surged in the United States, reaching its highest daily inflow since January 30th. Despite a decline in traditional financial markets, Bitcoin price maintained stability above $88,000, fueling this renewed ETF activity and indicating increased institutional engagement within the cryptocurrency market. Ark Funds, 21Shares, Fidelity’s FBTC fund, and Bitwise’s BITB funds all saw significant inflows of over $100 million collectively, contributing to a total influx exceeding $381.4 million on Monday. 87.6 million in inflows for the FBTC ETF stands out, highlighting institutional interest in Bitcoin.