Bitcoin ETFs Hit $36.34B in Total Inflows After $89M Boost
- Bitcoin spot ETFs maintain a 10-day inflow streak, adding $89.06 million on March 27.
- Dats shows Fidelity’s FBTC leads daily gains with $97.14 million in new capital.
- Ethereum ETFs continue to struggle with $4.22 million in outflows across all funds.
U.S. spot Bitcoin ETFs have extended their winning streak to 10 consecutive days of positive flows. Data from SoSoValue highlighted a combined net inflow of $89.06 million. With sustained investor interest, the cumulative total net inflow for Bitcoin ETFs has pushed to $36.34 billion since their launch in January.
The latest daily figures reveal Fidelity’s FBTC as the standout performer. The fund has attracted $97.14 million in new capital despite a -0.30% price performance. This substantial inflow from a single fund helped offset outflows from other Bitcoin ETFs. This has helped to maintain the overall positive momentum that has characterized the market throughout the past two weeks.
BlackRock’s IBIT, which holds the top position with $39.95 billion in cumulative inflows, added another $3.97 million on March 27. The fund continues to dominate the Bitcoin ETF sector, with total inflows nearly three and a half times larger than its closest competitor, Fidelity’s FBTC.
The consistent inflow pattern for Bitcoin ETFs contrasts sharply with their Ethereum counterparts, which recorded a combined net outflow of $4.22 million on the same day. As per the data, none of the nine Ethereum ETF offerings managed to attract positive flows.
Market data shows varied price performance across Bitcoin ETFs on Thursday, with most products registering minor declines. Grayscale’s GBTC and DEFI managed to buck the trend with slight gains while VanEck’s HODL experienced one of the larger daily declines at -0.21%.
Related: Michael Terpin’s Bitcoin Supercycle and Market Predictions
The sustained positive flows into Bitcoin ETFs over this extended period suggest growing institutional and retail confidence in Bitcoin as an investment asset. The consistent buying pattern has occurred despite Bitcoin’s price consolidation in recent weeks.
Among the smaller Bitcoin ETF offerings, ARK 21Shares’ ARKB has accumulated $2.63 billion in total inflows, while Bitwise’s BITB has attracted $2.01 billion. Invesco’s BTCO and WisdomTree’s BTCW were the only Bitcoin ETFs besides Grayscale’s GBTC to show negative cumulative flows, with BTCO recording -$6.95 million and BTCW showing -$5.09 million in total outflows. However, both funds maintain positive lifetime inflows of $98.18 million and $93.96 million, respectively, highlighting the overall market enthusiasm for Bitcoin exposure through regulated ETF products.
The post Bitcoin ETFs Hit $36.34B in Total Inflows After $89M Boost appeared first on Cryptotale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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