Spot Bitcoin ETFs ended trading positively last week, recording a net inflow of $171 million.
The inflow followed a net Outflow of $140 million the day before, disrupting a consistent trend of inflows.
The trading week on Friday saw no outflows from all the ETF funds, maintaining the trend of extreme investor activity recurring this year.
The Bitcoin and Ethereum ETFs have recorded all inflows and no outflows or All Outflows and No inflows on most trading days since the turn of the New Year.
Analysts haven’t come up with an explanation for this interesting and emerging trend.
Farside Investors UK revealed that Ark 21 shares ARKB led the daily inflows, pulling in $59 million.
Fidelity’s FBTC followed suit with a $52.5 million inflow, while Blackrock’s IBIT and VanEck’s HODL recorded $21.9 million and $21.8 million respectively.
Bitwise, BITB, and Franklin Templeton’s EZBC pulled in the least inflow for the day, recording $10.5 and $5.6 million, respectively.
The remaining Bitcoin ETF funds recorded no transactions by institutional and retail investors on a moderate trading day.
At the time of the report, Bitcoin is exchanging hands for $97,888, surging by 1.1% in the last 24 hours.
The primary crypto asset is still recovering from last weekend’s crash when it dropped below $100,000 and hit $93,000 for the first time this year.
