According to SoSo value data, the continuous inflow of funds began Friday with $471.1 million in new capital, followed by $144.9 million on Monday, amid bitcoin’s recovery from a low of $60,000 on Thursday to around $70,000.
Bitcoin peaked around $98,000 in mid-January after a two-week rally that began at $87,000. The subsequent selloff to $60,000 led investors to withdraw millions from these spot ETFs.
Overall, investors remain confident in the cryptocurrency’s long-term prospects, as seen in the robust assets under management (AUM) of spot ETFs.
According to Checkonchain data, total assets under management for the 11 funds have declined by only about 7% since the beginning of October, dropping from 1.37 million BTC to 1.29 million BTC.
At the same time, the bitcoin exchange rate has fallen more than 40% since hitting record highs above 126,000 in October.
