Bitcoin ETFs experienced a significant turnaround on Monday, witnessing a total net inflow of $15.7 million after five consecutive days of net outflows.

SoSo Value data reveals that Fidelity’s Bitcoin ETF (FBTC) led the surge, attracting an impressive net inflow of around $261 million in just one day.

Similarly, BlackRock’s Bitcoin ETF (IBIT) recorded a substantial net inflow of approximately $35.4 million. This stands in stark contrast to the Grayscale Bitcoin Trust (GBTC), which faced a significant net outflow of $350 million on the same day.

This reversal follows a challenging week for Bitcoin ETFs, marked by over $885 million in net outflows. The impact of this net inflow was evident in Bitcoin’s market performance, with the leading cryptocurrency reclaiming the $71,000 mark. Additionally, BTC's daily trading volume surged by 26%.

The success of U.S. spot Bitcoin ETFs is prompting other countries to explore institutional exposure to Bitcoin. The London Stock Exchange has announced plans to list Bitcoin and Ethereum exchange-traded notes (ETNs) beginning May 28, with applications opening in April.

Furthermore, the potential for other crypto-based investment vehicles is growing, with Grayscale CLO predicting the launch of Ethereum ETFs by May.