Bitcoin (#BTC ) experienced a 26% rally over a 16-day period, coinciding with significant inflows into spot #Bitcoin Exchange-Traded Funds (ETFs) in the United States. Investors have poured over $4.926 billion into U.S. Bitcoin spot ETFs since their inception, with a net flow of over $331 million on one day alone.

The approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (#SEC ) has attracted many new investors to the cryptocurrency, as these ETFs hold Bitcoin directly, unlike previous products that invested in Bitcoin futures. The first day of trading for these ETFs saw over $4.6 billion in volume.