The crypto market is showing signs of recovery again as fund flows into Bitcoin ETFs finally turn positive for the year.
At the time of writing, Bitcoin is at $78,093, up 0.02% since it opened early Friday in Asian trading.
After months of global stress and uncertainty, this development is a clear sign that investor confidence is recovering and new momentum is building.
According to the latest data, all monitored fund flow metrics are now in the positive zone, a feat not seen in the past few months.
While this increase is still modest, the fact that fund flows are now ‘green’ suggests that investors are gradually re-entering the market.
In the near term, daily inflows into Bitcoin ETFs have exceeded hundreds of millions of dollars, while monthly flows have reached over $2 billion.
Fund flows since the beginning of the year have also returned to positive territory, despite the market having been burdened by prolonged outflows.
Interestingly, the largest funds such as BlackRock IBIT have been the main drivers of this revival, contributing the majority of the inflows.
However, not all funds are in the same situation.
There are still certain ETFs that have recorded outflows, indicating that the recovery is not yet fully comprehensive.
However, the overall trend clearly shows a significant positive change compared to the beginning of the year.
Previously, geopolitical tensions and concerns about global inflation have put pressure on the market, causing investors to take cautious steps.
But now, with the situation stabilizing and the price of Bitcoin showing a return to growth, market sentiment has also changed.
