Bitcoin ETFs extend rebound as $145M in fresh inflows hit market - Source: CoinTelegraph

US spot Bitcoin exchange-traded funds (ETFs) extended a tentative rebound after attracting $371 million in net inflows last Friday, adding to signs that institutional demand may be stabilizing following weeks of sustained selling.

Spot Bitcoin ETFs attracted a further $145 million in inflows on Monday as BTC hoveredaround $70,000,accordingto data from SoSoValue and CoinGecko.

The inflows have yet to offset last week’s $318 million of outflows and $1.9 billion in redemptions year-to-date, but the slowing pace of losses may point to a potential trend reversal for crypto investment products, according to CoinShares.

Story continues: https://cointelegraph.com/news/bitcoin-etf-rebound-145-million-inflows