Bitcoin ETF

Bitcoin

BlackRock

Data from Farside Investors showed that on March 27, the ARK Invest’s Bitcoin ETF (ARKB) had a fourfold increase from its daily average of $43.9 million since its launch on January 11. On Wednesday, ARK 21Shares’ spot <a href="https://news.todayq.com/bitcoin-price-hits-71k-again-whats-behind-this-rally/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin exchange-traded fund</a> (ETF) racked up a record $200.7 million in inflows, increasing almost fivefold its daily average.
This comes just as Bitcoin missed the $72,000 mark. The market is still bullish with the crypto fear and greed index pointing dark green at 81. ARKB and other ETF inflows recorded 
There were nearly three times as much inflows at ARK Invest on March 26 as compared to the previous day, when $73.6 million inflows were recorded,as per data from Farside Investors. 
There were also inflows of $5 million into the Valkyrie Bitcoin ETF (BRRR), $4.8 million into the Invesco Galaxy Bitcoin ETF (BTCO), $4 million into the Franklin Bitcoin ETF (EZBC) and $1.9 million into the VanEck Bitcoin ETF (HODL).
Both the WisdomTree Bitcoin ETF (BTCW) and Fidelity Investments Bitcoin ETF (FBTC) reported $1.5 million in inflows, all single-digit. However, <a href="https://news.todayq.com/why-is-blackrock-ceo-still-bullish-on-ethereum-etf-despite-regulatory-scrutiny/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a> still tops with a $323.8 million inflow on Wednesday.
It comes as Bitcoin hit $71,670 before falling below the $69,000 support level before closing the day at $69,698. As of press time, Bitcoin’s price is $70,806, as per CoinMarketCap data.
While investors focus too much on Bitcoin’s short-term price fluctuations, crypto commentators argue that investors should be looking at the bigger picture instead. How did the enthusiasts react? 
Crypto researcher Gumshoe informed his almost 29k followers, in a March 28 X post, that investors are choosing micro perspectives. Instead of considering the actual influx of funds into Bitcoin, they’re focusing on daily price closures.
“Bitcoin ETFs seeing ATH inflows and people are panicking over the daily close of a candle,” he said.
According to Bitwise chief investment officer Matt Hougan in a March 27 X post, most professional investors are unable to buy Bitcoin ETFs. In the UK especially, where “the FCA is still broadly aligned against crypto.”
He pointed out, “The truth is, most professional investors still cannot buy bitcoin ETFs. That will change through a series of 100+ individual due diligence processes over the next two years.”
Bitcoin Munger, a popular crypto commentator, says the next $13 billion inflows could “add $50K-$70K or more to the price.” On March 18, a total of $13.2 billion in new capital reportedly flowed into investment products such as spot Bitcoin ETFs year-to-date.

ARK Invest’s ETF Soars with record inflows but BlackRock still dominates

Todayq News

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