United

Bitcoin

Grayscale Bitcoin Trust

Billion

Spot

The rise in popularity of Bitcoin exchange-traded funds (ETFs) in the United States reached new highs yesterday, with net inflows reaching a staggering $1 billion in a single day, according to data from BitMEX Research.
<h2 id="record-1-billion-inflow-into-spot-bitcoin-etfs-in-a-single-day">Record $1 Billion Inflow into Spot Bitcoin ETFs in a Single Day</h2>
On March 12, investors invested over $1 billion in Bitcoin ETFs, marking another milestone for these recently approved investment vehicles.
At the same time, Blackrock's IBIT product saw a record inflow of $849 million earlier this week.
In terms of Bitcoin, this represents a record inflow of 14,706 BTC and highlights the significant interest in these ETFs among investors. Cumulative net inflows into Bitcoin ETFs since January 11, 2024 have now reached an impressive $4.1 billion.
Remarkably, as of the latest data, spot Bitcoin ETFs now hold more than 90% of the daily trading volume market share among ETFs investing in Bitcoin and have reached an all-time high.
Related News: <a href="https://en.bitcoinsistemi.com/bitcoin-exchange-binance-announced-that-it-delisted-many-altcoin-trading-parities/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Exchange Binance Announced That It Delisted Many Altcoin Trading Parities!</a>
In comparison, Bitcoin futures ETFs hold only 10% of the market share.
Brian Rudick, Research Analyst at GSR, noted the remarkable success of US spot Bitcoin ETFs.
“Their inflow of over $10 billion in just two months is approaching what most people think they will do in the first year,” Rudick said.
Rudick also highlighted potential factors contributing to further inflows, such as increased sales efforts by issuers, integration into asset manager product offerings, and normalization of outflows from the Grayscale Bitcoin Trust (GBTC).
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-etfs-break-another-first-record-money-inflow-in-a-single-day/" rel="noopener noreferrer nofollow">Bitcoin ETFs Break Another First! Record Money Inflow in a Single Day!</a>

Bitcoin ETFs Break Another First! Record Money Inflow in a Single Day!

Table of Contents

Bitcoin Sistemi EN

Other articles published on Mar 13, 2024

Unlocking Hidden Crypto Potential: Blueprints for Massive Growth

Palm Collective and Obscura Community Celebrate Womxn’s Month With Artist Showcase

Uniswap’s UNI token experiences a 20% increase as the proposal for token rewards moves closer to ...

Unlocking 50X Potential: Shiba Inu (SHIB) & Polkadot (DOT) Bulls Rush Pushd (PUSHD) Presale for L...

Bitcoin Value Soars into ‘Euphoria’ Phase fuelled by Wealth Shift from Long-Term Holders to New T...

Number Of Ethereum Short-Term Holders Increasing – Is A Bull Rally Next?

Join our free newsletter for daily crypto updates!