Institutional investors may be buying the dip as traders pour $1.7 billion into spot bitcoin ETFs

Fresh allocations to spot bitcoin ETFs suggest investors are growing more comfortable despite the asset still being down 16% this year. What to know : After months of steady withdrawals, U.S. spot bitcoin ETFs have seen about $1.7 billion in inflows since Feb. 24, signaling renewed investor interest. Analysts say the reversal in flows suggests investors believe bitcoin may have found at least a short-term bottom, with recent price resilience amid geopolitical tensions helping to restore confidence. The latest inflows appear to be outright bullish bets rather than basis trades.(Coindesk)