U.S. Spot Bitcoin ETFs See Significant Inflows, Set for Strongest Performance Since Mid-January

U.S. spot bitcoin ETFs have seen a substantial influx of investment over the past three days, with net inflows totaling $1.1 billion. This significant increase in demand is expected to propel these funds into their strongest performance since mid-January.

The surge in U.S. institutional interest is further supported by the Coinbase Premium Index's recent turn towards positive territory after a 40-day stint in negative territory. The index, which tracks the price difference between bitcoin on Coinbase and the global market, serves as an essential gauge for U.S. institutional flows and sentiment.

Data from Checkonchain indicates that total bitcoin holdings across U.S. spot ETFs have risen to 1.29 million BTC, leaving assets under management (AUM) less than 10% below their October peak. Despite the spot price of bitcoin remaining 45% below its October record, this increase in AUM suggests a growing interest in these funds.