Bitcoin ETFs Break $1B Daily Inflow Record

The United States has achieved a significant milestone in the spot Bitcoin exchange-traded funds (ETFs) market. These ETFs have attracted over $1 billion in net inflows for the first time on March 12. In the past 13 days, investments in spot Bitcoin ETFs have surged, with daily inflows reaching $11.1 billion. On March 12, the biggest daily inflow of $1.045 billion was observed, largely due to BlackRock’s iShares Bitcoin ETF (IBIT). IBIT alone accounted for $849 million, while other ETFs such as ARK 21Shares Bitcoin ETF (ARK), VanEck Bitcoin Trust ETF (HOLD), and Fidelity Advantage Bitcoin ETF (FBTC) contributed smaller amounts of $93 million, $82.9 million, and $51.6 million, respectively.

The massive inflows into Bitcoin ETFs, along with the ongoing bull run, have led to a significant increase in the daily inflows of capital stored in the Bitcoin network, which now stands at $2 billion per day. This is another important milestone for the Bitcoin ecosystem. The market price of Bitcoin has reached a new high of $73,000.

Among the approved Bitcoin ETFs in the U.S., Franklin Bitcoin ETF (EZBC) has recorded the lowest inflows to date, with $148 million. IBIT holds the majority of the market share with $11.4 billion. The net inflow is negatively affected by the Grayscale Bitcoin Trust (GBTC), which has experienced consistent daily outflows. Over the past 13 days, GBTC has lost a total of $11.1 billion. As a result, Grayscale’s GBTC market share has fallen below 50% for the first time since the spot Bitcoin ETFs began trading on Jan. 11. Initially, Grayscale’s fund accounted for approximately 99.5% of the total assets under management (AUM) of the 10 U.S. spot Bitcoin ETFs. The sustained daily outflows, averaging $329 million per day last week, have gradually reduced GBTC’s market share over time.

Cyrillus Mathewson

Cyrillus Mathewson

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