Bitcoin ETFs Experience Largest Daily Inflows Since Late February

US-listed spot Bitcoin exchange-traded funds (ETFs) have seen a significant increase in investment, with a total of $471 million flowing into the funds on Monday. This is the largest daily inflow since February 25, when the funds attracted $507 million.

The surge in investment comes as the Bitcoin price briefly approached $70,000 before retreating below $69,000, according to CoinGecko data. The volatility in the market has been attributed to ongoing geopolitical pressure and concerns over Bitcoin's quantum resistance.

BlackRock's iShares Bitcoin Trust ETF (IBIT) led the inflows with approximately $182 million, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $147 million. ARK 21Shares Bitcoin ETF (ARKB) ranked third with nearly $119 million in inflows.

The influx of capital is a positive sign for the cryptocurrency market, which has been subject to ongoing geopolitical pressure and concerns over quantum resistance. The Crypto Fear & Greed Index remains in 'Extreme Fear' at 13, indicating that investors are cautious but still optimistic about the market's potential.