Bitcoin’s latest breakout is getting an important confirmation from the ETF market, with investors pouring fresh money into spot crypto products as analysts argue that the prolonged “crypto winter” may be ending.

U.S. spot Bitcoin ETFs attracted $998.9 million in net inflows on Monday, according to SoSoValue flow data, as Bitcoin surged above $86,000 to its highest level since January. The rally extended into Tuesday, with Bitcoin briefly reaching $87,360.

Fundstrat Head of Digital Assets Sean Farrell told Yahoo Finance that the Bitcoin breakout is credible and that he believes “crypto winter is over.” Meanwhile, Compass Point analyst Ed Engel described crypto as being in the early stages of a new bull market, according to Yahoo…