US spot bitcoin ETFs attract $1.7 billion in capital inflows

Since February 24, the US spot bitcoin ETF has seen approximately $1.7 billions in capital inflows, following several months of continuous outflows. Analysts believe this shift in capital flow indicates that investors may consider bitcoin to have reached a short-term bottom, and its recent price resilience amid geopolitical tensions may have restored investor confidence. These inflows are mainly bullish bets rather than basis trades.