Bitcoin continues to experience a lateral price movement, however, investors are displaying confidence by purchasing spot Bitcoin ETFs, which is an encouraging development. Farside Investors have recorded a series of net positive inflows into ETF funds over the course of the last 11 days. According to CoinShares data, an impressive sum of over $1 billion has been invested in Bitcoin-related investment products in the previous week alone. Furthermore, institutional investors and significant holders are actively accumulating Bitcoin. Glassnode analysts, in their publication “The Week On-chain,” highlighted that long-term investors have initiated the process of reaccumulating Bitcoin, marking the first occurrence since December 2023.
