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According to data from SoSoValue, spot bitcoin ETFs recorded $458.2 million in net inflows on Monday, led by $263.2 million into BlackRock's IBIT. Seven other funds, including those from Fidelity and Grayscale, recorded net inflows, while no funds experienced outflows for the day.
"The positive spot bitcoin ETF inflows mark a turning point as major allocators appear to view current price levels as an attractive entry point amid bitcoin's recent correction and stabilization," said Nick Ruck, director of LVRG Research.