Bitcoin ETFs Experience Largest Single-Day Inflows Since Late January

U.S. spot bitcoin exchange-traded funds (ETFs) have experienced a significant turnaround in recent days, with substantial inflows recorded on February 25. According to data, the ETFs had been facing a prolonged stretch of outflows, totaling approximately $3.8 billion over five consecutive weeks. However, this trend was reversed on Tuesday when the ETFs posted a net inflow of $506.5 million.

The surge in inflows is particularly notable as it marks the largest single-day total in three weeks and follows two consecutive days of heavy buying. The influx has sparked optimism among analysts who believe that Bitcoin's price could reach $150,000 this year due to a shrinking tradable supply and solid market plumbing.