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Digital asset inflows recover, but ETF activity is slowing down

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The selling pressure from ETFs is visible on the BTC price as the world’s top cryptocurrency dropped by $4,000 over the past 24 hours to trade just above $66,000.

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.

However, the popularity of spot Bitcoin exchange-traded funds seems to be cooling down. The daily trading volume of exchange-traded funds has dropped to $5.4 billion, 36% less than its peak of $9.5 billion recorded in the first week of March.) 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 .

 

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