Despite a net positive flow into the crypto market, spot Bitcoin ETF demand seems to have slowed down since its peak in the first week of March.
Digital asset inflows into crypto investment products turned positive in the past week, with net inflows of $862 million compared to net outflows of $931 million a week prior.
However, the popularity of spot Bitcoin exchange-traded funds seems to be cooling down. The daily trading volume of exchange-traded funds (ETFs) has dropped to $5.4 billion, 36% less than its peak of $9.5 billion recorded in the first week of March.
Bitcoin (BTC) topped the digital asset flows with $863 million in inflows aided by ETF demand, with spot BTC ETFs recording $1.8 billion in inflows compared to $965 million in outflows from the Grayscale Bitcoin Trust (GBTC).
