The Nasdaq-listed spot bitcoin (BTC) exchange-traded funds (ETFs) registered inflows totaling $15.4 million on Monday, ending a five-day run of outflows, in keeping with provisional knowledge printed by funding agency Farside.Constancy’s FBTC led the inflows, amassing $261.8 million, adopted by BlackRock’s IBIT, which amassed $35.5 million. Different funds like BITB, BTCO, EZBC, and BRRR acquired between $11 million and $20 million every. In the meantime, Grayscale’s ETF (GBTC) continued to bleed cash, dropping simply over $350 million.Final week, the ETFs noticed a cumulative outflow of $887.6 million, because of giant withdrawals from GBTC.Almost a dozen spot ETFs debuted within the U.S. on Jan. 11, permitting buyers to take publicity to the main cryptocurrency whereas bypassing the hassles of proudly owning and storing the digital asset. These ETFs make investments instantly in bitcoin and remove the necessity to rollover positions, a key function of futures-based ETFs that went stay in October 2021.For the reason that spot ETFs started buying and selling, bitcoin has risen over 50% to $70,750. On Monday, costs rose simply over 4%, briefly topping the $71,000 mark.Markus Thielen, founding father of 10x Analysis, mentioned quarter-end flows might be stronger than standard, lifting the cryptocurrency’s worth to new highs.“Bitcoin ETF flows rotated magically on Monday as Constancy immediately discovered $262m of patrons, in comparison with $18m, $3m, and $13m in the course of the earlier three periods. Flows on Tuesday (30%) are likely to cannibalize flows from Thursday (16%) and Friday (12%), whereas Monday and Wednesday (every 21%) see their truthful ‘20%’ share per weekday,” Thielen mentioned Tuesday’s version of the publication.“With bitcoin above $70,000, we will think about that flows on Tuesday may be constructive once more. With the quarter finish, flows is perhaps stronger than standard,” Thielen added.Thielen careworn that spot ETF inflows and issuance of dollar-pegged stablecoin tether (USDT) want to choose up for bitcoin to chart one other aggressive transfer increased, or else the burden of the rally would fall on futures merchants’ shoulders. Tether, the world’s largest dollar-pegged stablecoin, is extensively used as a funding foreign money within the crypto spot and derivatives markets.