The declines in Bitcoin and altcoins that have been going on for weeks have also been reflected in ETFs. Spot Bitcoin and Ethereum ETFs experienced record outflows. However, yesterday, for the first time, Bitcoin ETFs recorded a net inflow of $275 million, despite the outflows that have been going on for weeks. This was the largest daily inflow since February 4, while none of the twelve ETFs had net outflows. While there has been a net outflow exceeding $5 billion in the last five weeks in spot Bitcoin ETFs, the inflows seen yesterday were interpreted as a sign of a change in market sentiment. BTC Markets analyst Rachael Lucas stated that this positive change is related to the stability of the Bitcoin price and the increasing interest and confidence of institutional investors. Factors such as quarter-end portfolio rebalancing and increased demand for ETFs offering lower fees contributed to ETF inflows, Lucas said. Looking at ETF inflows, Fidelity FBTC led the way with net inflows of $127.3 million, while Ark and 21Shares ARKB saw inflows of $88.5 million. The largest spot Bitcoin ETF, BlackRock IBIT, saw $42.3 million in inflows, while Grayscale Mini Bitcoin Trust BTC and Bitwise BITB also saw smaller inflows. Against these inflows, BTCO, EZBC, BRRR, HODL, BTCW and GBTC experienced 0 net flow. In response to the positive change in Bitcoin, spot Ethereum ETFs saw a total net outflow of $7.28 million, continuing a nine-day streak of net outflows. *This is not investment advice. Continue Reading: The Long-Awaited Signal Came From Spot Bitcoin ETFs! A First After Six Weeks!