Bitcoin ETF

Bitcoin

Strong

<h2 id="key-points">Key Points</h2>
<ul>
 <li>US spot Bitcoin (BTC) exchange-traded funds (ETFs) are experiencing a resurgence in capital inflow.</li>
 <li>Blackrock’s and Fidelity’s funds are leading the inflow, with a combined net inflow of $418 million on March 26.</li>
</ul>
<p>After five days of consecutive net outflows, US spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) exchange-traded funds (ETFs) are seeing a revival in capital inflow.</p>
<h2 id="strong-inflows-into-blackrock-s-and-fidelity-s-funds">Strong Inflows into Blackrock’s and Fidelity’s Funds</h2>
<p>Data from Farside Investors indicates that the ten recently approved spot Bitcoin ETFs received a combined net inflow of $418 million on March 26.</p>
<p>The largest daily inflow since March 13 was recorded by Fidelity’s fund, amassing $279.1 million on March 26.</p>
<p>This marked the second consecutive day the fund has seen inflows exceeding $260 million.</p>
<p>BlackRock’s fund also attracted inflows of $162.2 million, despite its daily inflows remaining low compared to earlier in the month which averaged over $300 million per day.</p>
<h2 id="other-funds-and-grayscale-s-bitcoin-trust">Other Funds and Grayscale’s Bitcoin Trust</h2>
<p>Invesco Galaxy, Franklin Templeton, and Valkyrie all saw inflows exceeding $26 million.</p>
<p>On the other hand, Grayscale’s Bitcoin Trust (GBTC) continued to see outflows, with a daily outflow of $212 million.</p>
<p>However, the outflow was not enough to outweigh the net inflows of its competitors.</p>
<p>Since converting from a trust to an ETF on Jan. 11, Grayscale has lost about 277,393 BTC worth roughly $19.5 billion at current prices.</p>
<p>Eric Balchunas, a senior ETF analyst at Bloomberg, noted the presence of Bitcoin ETFs in a chart of the largest 30 asset funds in their first 50 days of trading.</p>
<p>Four Bitcoin ETFs made the list of global funds, with BlackRock’s IBIT and Fidelity’s FBTC standing out.</p>
<p>He also noted that the Bitwise Bitcoin ETF (BITB), currently the 18th largest Bitcoin ETF by assets under management, was larger than the world’s largest SPDR Gold Shares (GLD) fund.</p>
<p>On March 26, crypto asset management firm Hashdex became the eleventh spot Bitcoin ETF issuer in the United States.</p>
<p>This came after the conversion of its futures fund to a spot product which now trades under the ticker DEFI.</p>

Bitcoin ETFs Bounce Back, Recording $418M in Net Inflows

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