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<p>The post <a href="https://coinpedia.org/news/bitcoin-witnesses-record-capital-inflows-as-short-term-whales-reap-profits/" rel="noopener noreferrer nofollow">Bitcoin Witnesses Record Capital Inflows as Short-Term Whales Reap Profits</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Bitcoin enthusiasts appear to be shrugging off last week’s outflows from US exchange-traded funds, with the largest cryptocurrency climbing back above $70,000 again. Meanwhile, other cryptocurrencies saw a surge in their price, with Bitcoin gaining as much as 11.1% to <a href="https://markets.coinpedia.org/bitcoin/" rel="noopener noreferrer nofollow">$71,016</a>.</p>
<h2 class="wp-block-heading" id="h-unprecedented-capital-inflows">Unprecedented Capital Inflows</h2>
<p>Bitcoin, the world’s leading cryptocurrency, is currently experiencing a surge in capital inflows, reaching historic levels as highlighted by Ki Young Ju, CEO of CryptoQuant.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is experiencing historic capital inflows.<br><br>Short-term <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> whales, including spot ETF buyers, have gained a 16% unrealized profit, totaling $16.3 billion. <br><br>Spot ETFs deserve appreciation for their contribution to the crypto industry. <a href="https://t.co/5MFFQyqsN6" rel="noopener noreferrer nofollow">pic.twitter.com/5MFFQyqsN6</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1772576789430165966?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 26, 2024</a>
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<p>In a recent tweet, Ju highlighted the remarkable surge in short-term Bitcoin whales, including spot ETF buyers, who have collectively accrued a staggering 16% unrealized profit, amounting to a total of $16.3 billion.&nbsp;</p>
<p>Last week almost $900 million was pulled from those ETFs, reflecting continual outflows from the Grayscale Bitcoin Trust, alongside a slowdown in subscriptions for offerings from industry giants like BlackRock Inc. and Fidelity Investments.</p>
<p>Earlier Glassnode <a href="https://studio.glassnode.com/metrics?a=BTC&amp;c=usd&amp;category=&amp;ema=0&amp;m=transactions.TransfersVolumeToExchangesSum&amp;mAvg=30&amp;mMedian=0" rel="noopener noreferrer nofollow">bitcoin saw a net inflow</a> of 4.4 billion in volume. This surge in capital inflows underscores the growing interest and confidence in Bitcoin among institutional and retail investors alike.&nbsp;</p>
<h2 class="wp-block-heading" id="h-spot-etfs-empowering-investor-access">Spot ETFs: Empowering Investor Access</h2>
<p>Ju’s insights shed light on the significant impact of spot ETFs on the crypto industry, acknowledging their role in facilitating access to Bitcoin for a broader range of investors.&nbsp;</p>
<p>As per <a href="https://t.me/QCPbroadcast/1176" rel="noopener noreferrer nofollow">QCP Capital’s recent reports</a> a remarkable surge in client demand for Bitcoin (BTC) spot exchange-traded funds (ETFs) at the wealth desks of major banks. This surge is accompanied by a notable uptick in requests for structured products like Accumulators and FCNs (Financial Contracts for Differences), signaling a growing appetite for cryptocurrency investment among institutional investors.</p>
<p>The rise in demand for BTC spot ETFs comes amidst a backdrop of growing institutional adoption and mainstream acceptance of cryptocurrencies as legitimate investment assets.</p>

Bitcoin Witnesses Record Capital Inflows as Short-Term Whales Reap Profits

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