Spot Bitcoin ETFs Garner $477.2 Million in Inflows, Signaling Growing Institutional Interest

Bitcoin spot exchange-traded funds (ETFs) witnessed a significant influx of capital, attracting a net inflow of $477.2 million on Tuesday’s trading session. This positive shift marks a departure from recent withdrawals and signals renewed confidence among institutional investors in the cryptocurrency market. According to Nick Ruck, Director of LVRG Research, this sustained inflow reflects institutions seeking portfolio diversification through crypto investments. 9 out of the 12 available Bitcoin spot ETFs in the US closed with positive inflows, showcasing strong demand.