Key Points
- Following five consecutive days of outflows, spot Bitcoin ETFs recorded a net inflow on Monday.
- Fidelity’s FBTC and BlackRock’s IBIT saw significant inflows, while Grayscale’s GBTC experienced an outflow.
After a five-day streak of outflows, spot Bitcoin exchange-traded funds (ETFs) witnessed a net inflow.
The total net inflow into these specific ETFs on Monday amounted to $15.7 million. This comes after consecutive single-day outflows reaching up to $326.2 million.
Notable Inflows and Outflows
Fidelity’s FBTC observed the highest single-day net inflow of approximately $261 million. Concurrently, BlackRock’s IBIT saw an inflow of around $35.5 million. Conversely, Grayscale’s GBTC experienced a single-day net outflow of $350 million.
The enthusiasm for spot Bitcoin ETFs has slightly cooled off in recent days. This is in contrast to the initial excitement when these products first entered the market.
Trends in Asset Management and Volumes
Assets under management for spot Bitcoin ETFs — excluding GBTC — have remained steady over the past two weeks, hovering around $30.62 billion. Spot Bitcoin ETF volumes have also been on a consistent decline from their early March peak of nearly $10 billion. On Friday, volumes of $3.1 billion were reported.