2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>All ten Bitcoin ETFs collectively amassed $198 million in inflows on Friday.</strong></li>
 <li><strong>The figure marks a 71% decline from the $683.7 million recorded on March 13.&nbsp;</strong></li>
 <li><strong>This inflow was primarily propelled by the $155 million into Fidelity’s ETF FBTC.</strong></li>
</ul>
<p>Friday’s inflows to <a href="https://coinedition.com/bitcoin-breaks-73k-amid-swelling-inflows-across-newly-launched-etfs/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin spot exchange-traded funds (ETFs)</a> remain significantly lower than previous records amid the crypto market’s recent bearish volatility. This downturn correlated with Bitcoin’s recent nosedive to within the $65,000 threshold yesterday. Prominent Chinese reporter Colin Wu called attention to the development in a recent post on X.</p>
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   <p lang="en" dir="ltr">On March 15th, the total net inflow of Bitcoin spot ETFs was $198 million. Grayscale ETF GBTC had a net outflow of $139 million for the day. The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a net inflow of approximately $155 million.… <a href="https://t.co/5Rh3KznqCf" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/5Rh3KznqCf</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1768864422406299731?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 16, 2024</a>
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<p>According to data from tracking resources, all ten Bitcoin ETFs collectively amassed $198 million in inflows yesterday. The figure represents a substantial drop from previous inflow volumes. To put it into perspective, the $…</p>
<p>The post <a href="https://coinedition.com/bitcoin-etfs-inflows-tank-71-amid-btc-crashing-to-65000/" rel="noopener noreferrer nofollow">Bitcoin ETFs Inflows Tank 71% Amid BTC Crashing to $65,000</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin ETFs Inflows Tank 71% Amid BTC Crashing to $65,000

Coin Edition

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