Traded spot Bitcoin ETFs in the United States, after weeks of outflows, saw a seven-day net entry streak, marking the longest entry streak since January 24. Fidelity’s FBTC led the way, with a total capital inflow of $860.6 million. Traded spot Bitcoin exchange-traded funds (ETFs) in the United States recorded a net entry streak of seven consecutive days following intense outflows in February and early March. With the entries seen on Monday, this streak became the longest uninterrupted entry period since January 24.

BTC Markets Crypto Analyst Rachael Lucas pointed out that this trend signals a significant shift in market sentiment, stating, “This is a strong signal. Institutional investors are supporting Bitcoin in a way we haven’t seen recently.” According to SoSoValue data, a total of $84.17 million net entry was made into Bitcoin ETFs on Monday. Fidelity’s FBTC was the fund that attracted the most entries with $82.85 million, while Bitwise’s BITB recorded net entries of $19.23 million. BlackRock’s IBIT reported an $18 million inflow, and VanEck’s HODL fund received $5 million. However, the ARKB fund, jointly managed by Ark Invest and 21Shares, experienced an exit on the same day, resulting in a $41 million drop.

The seven-day entry streak attracted a total of $860.6 million in net capital inflow. Thus, since the launch of spot Bitcoin ETFs, the total net inflow has reached $36.13 billion. Lucas mentioned that the positive entries in Bitcoin ETFs are linked to changes in macroeconomic conditions. According to the analyst, expectations that the Federal Reserve (Fed) will transition from quantitative tightening to a looser monetary policy are one of the main factors guiding investors towards Bitcoin.

“The uncertainties surrounding the Fed’s interest rate policy are gradually decreasing. Trump’s statements advocating for interest rate cuts and the SEC’s more flexible stance recently are also creating a positive atmosphere in the market. XRP’s legal victory may also have somewhat alleviated regulatory uncertainties,” said Lucas, emphasizing that there is optimism in the market, but it is still early to call it a lasting trend.

Bitcoin briefly surpassed the $88,000 mark due to these developments but later retraced to around $86,590. Lucas evaluated, “The market is heating up, but it’s too early to see the seven-day entry streak as a lasting bullish trend. There is a spark right now, but it’s not possible to say that a fire has fully ignited.” Emmanuel Cardozo, a Market Analyst at Brickken, stated that the entries in Bitcoin ETFs are directly related to the increase in global liquidity. Cardozo noted that the approximately 8% increase in global liquidity this year provided a supportive environment for Bitcoin, from a macro perspective.

“We see that Bitcoin is increasingly gaining a place in investor portfolios and becoming a mature asset class. This explains the strong net entries into ETFs,” he commented. Despite the growing interest in Bitcoin ETFs, spot Ether ETFs could not show the same performance. Ether ETFs, which did not record any entries on Monday, had been in a negative outflow trend for the past 13 days. During this period ending on Friday, total outflows from funds exceeded $400 million.

Lucas pointed out that this situation signifies an unbalanced confidence environment in the market. She emphasized the need for investors to evaluate from a broader perspective rather than just focusing on winning assets that appear in the headlines, suggesting that investors should act with a strategic outlook.