Bitcoin ETFs Hit New Record Of $1B In Net Inflows

australia crypto ETFs

United States spot Bitcoin exchange-traded funds (ETFs) reached a new milestone on March 12, pulling in over $1 billion in net inflows, marking the first instance of such a milestone.

Investments into spot Bitcoin ETFs continue to rise, with daily inflows surging to $11.1 billion over the past 13 days. On March 12, Bitcoin ETFs observed their largest daily influx ever, totaling $1.045 billion, with the major contributor being BlackRock’s iShares Bitcoin ETF (IBIT).

Of this total, IBIT saw an inflow of $849 million. At the same time, ARK 21Shares Bitcoin ETF (ARK), VanEck Bitcoin Trust ETF (HOLD), and Fidelity Advantage Bitcoin ETF (FBTC) contributed comparatively lower amounts of $93 million, $82.9 million, and $51.6 million, respectively.

The massive inflows into Bitcoin ETFs, coupled with a supportive bull market, have led to a daily influx of capital stored by the Bitcoin network surpassing $2 billion for the first time, marking another significant milestone for the ecosystem.

Among the approved Bitcoin ETFs in the U.S., Franklin Bitcoin ETF (EZBC) saw the lowest inflows at $148 million, while IBIT claimed the largest share at $11.4 billion. Conversely, the Grayscale Bitcoin Trust (GBTC) has contributed to the net outflow over the past 13 days, shedding $11.1 billion.

For the first time since spot Bitcoin ETFs commenced trading in the U.S. on January 11, Grayscale’s GBTC market share fell below 50%. Initially, Grayscale’s fund accounted for approximately 99.5% of the total assets under management for the 10 U.S. spot Bitcoin ETFs. However, consistent daily outflows from GBTC, averaging $329 million per day last week, have gradually eroded its market share over time.

Enjoy reading? Share with your friends
Scroll to Top