Bitcoin Spot ETFs Experience Significant Inflows

Bitcoin spot exchange-traded funds (ETFs) experienced a significant surge in inflows on Tuesday, totaling $257.7 million. This marks the largest daily total since early February, according to data from SoSoValue. The price of Bitcoin has been recovering and is currently trading at around $65,000.

The increase in flows more than offset Monday's outflows of $203.8 million, pushing weekly flows back into positive territory after five consecutive weeks of net redemptions totaling $3.8 billion. This trend suggests that investors are regaining confidence in the cryptocurrency market.