Key Points
- Spot bitcoin ETFs in the U.S. registered the third day of net inflows, receiving $31.64 million.
- Since their launch in January, U.S. spot bitcoin ETFs have amassed a total net inflow of $12.42 billion.
Spot bitcoin exchange-traded funds (ETFs) in the U.S. marked a third day of net inflows on Tuesday, gaining $31.64 million. This follows five days of outflows prior to the halving event of bitcoin.
Details on Specific ETFs
Grayscale’s GBTC saw a net outflow of $66.88 million on the same day. On the other hand, BlackRock’s spot bitcoin ETF recorded $37.92 million in net inflows, the highest daily net inflow among these ETFs. Data also indicated net inflows of $33.28 million for Ark Invest’s fund and $23.23 million for Bitwise’s fund.
Since their introduction in January, U.S. spot bitcoin ETFs have garnered a total net inflow of $12.42 billion as of Tuesday. The total net assets of these funds stand at $55.82 billion. Grayscale’s ETF has experienced $16.83 billion in outflows since its conversion, although its net outflows have declined in comparison to previous weeks. The week of March 18 witnessed over $2 billion exiting GBTC.
BlackRock’s IBIT and Bitcoin’s Price
BlackRock’s IBIT, which marked 70 consecutive days of net inflows as of Tuesday, has a current cumulative net inflow of $15.48 billion. The price of bitcoin increased by 0.16% within the last 24 hours, reaching $66,675.