Bitcoin spot exchange-traded funds (ETFs) have shifted to positive netflows over the last 14 days, signaling a resurgence in investor demand following sustained outflows. Data from analytics firm Glassnode reveals this trend reversal, which began as Bitcoin's price climbed past the $70,000 mark.
This positive netflow indicates that inflows into these investment vehicles now exceed outflows, reversing a recent period of consistent selling pressure. Glassnode noted "early re-accumulation signs are emerging" from institutional investors. The metric tracks the 30-day change in holdings for US-based Bitcoin spot ETFs. Meanwhile, Binance has also observed a significant spike in Bitcoin Net Taker Volume, with buy orders outpacing sell orders, further supporting bullish sentiment.