Bitcoin ETF

Bitcoin

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/capital-flows-back-to-us-spot-bitcoin-etfs/" data-wpel-link="internal">Capital Flows Back to US Spot Bitcoin ETFs</a> 
New capital is flowing back into US spot <a href="https://coin-turk.com/bitcoinde-btc-ciddi-elestiriler-btcde-etf-isleri-karistirdi" data-wpel-link="internal">Bitcoin</a> exchange-traded funds (ETFs) after five consecutive days of net outflows. According to Farside Investors data, ten recently approved spot <a href="https://en.coin-turk.com/deciphering-bitcoins-critical-levels-and-potential-movements/" data-wpel-link="internal">Bitcoin</a> ETF funds, led by strong entries into Blackrock and Fidelity’s funds, saw a combined net inflow of $418 million on March 26th. 
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-etf-space">What’s Happening in the ETF Space?</h2> 
Fidelity’s fund achieved its biggest daily entry since March 13th, reaching $279.1 million on March 26th, with the investment giant purchasing an additional 4,000 Bitcoins. This marked the second consecutive day the fund saw entries exceeding $260 million. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-333833 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/farside.jpg" alt="" width="762" height="746"> 
Additionally, BlackRock’s fund attracted $162.2 million in inflows. However, these daily inflows remained low compared to earlier this month when daily averages exceeded $300 million. Ark 21Shares Bitcoin ETF recorded its best day since March 12th with a $73.6 million inflow, while funds from Invesco Galaxy, Franklin Templeton, and Valkyrie all saw inflows of over $26 million. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-333832 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/fbtc.jpg" alt="" width="2048" height="800"> 
Meanwhile, Grayscale’s Bitcoin Trust (GBTC) continued to bleed out, recording a daily outflow of $212 million, yet this was not enough to outweigh the net inflows of its competitors. Since converting from a trust to an ETF fund on January 11th, Grayscale has lost approximately 277,393 Bitcoins valued at around $19.5 billion at current prices. 
<h2 class="p1" style="text-align: justify" id="noteworthy-data-on-the-etf-front">Noteworthy Data on the ETF Front</h2> 
Bloomberg senior ETF analyst Eric Balchunas highlighted the presence of Bitcoin ETF funds in a chart of the top 30 asset funds during their first 50 days of trading in a note sent to X on March 26th. He pointed out that four Bitcoin ETF funds, including BlackRock’s IBIT and Fidelity’s FBTC, are in a league of their own on the global funds list. 
Balchunas mentioned that even the Bitwise Bitcoin ETF fund (BITB), currently the 18th largest fund by assets under management, is bigger than the world’s largest SPDR Gold Shares (GLD) fund. <a href="https://en.coin-turk.com/crypto-market-update-bitcoin-and-altcoins-latest-status/" data-wpel-link="internal">Crypto</a> asset management firm Hashdex announced on March 26th that it had converted its futures fund into a spot product now trading under the DEFI code, thereby becoming the eleventh spot Bitcoin ETF issuer in the US. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-333831 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/eric.jpg" alt="" width="1238" height="1392"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/capital-flows-back-to-us-spot-bitcoin-etfs/" data-wpel-link="internal">Capital Flows Back to US Spot Bitcoin ETFs</a></h5>

Capital Flows Back to US Spot Bitcoin ETFs

Table of Contents

COINTURK NEWS

Other articles published on Mar 27, 2024

CryptoQuant CEO Explains Why KuCoin Won’t End Up Like FTX

Bitcoin BTC’s Mid-Bull Run with Key Growth Indicators

Healix Protocol Presale: Your Ticket to Ride the $605.3 Billion Preventive Healthcare Industry Boom!

SolidLizard’s Momentous Comeback

Ethereum (ETH) and Litecoin (LTC) investors are drawn to Kelexo (KLXO) amidst Bitcoin (BTC)’s cor...

KuCoin Founders Charged with AML Violations

Join our free newsletter for daily crypto updates!