Bitcoin

Spot

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Spot bitcoin ETFs in the U.S. registered the third day of net inflows, receiving $31.64 million.</li>
 <li>Since their launch in January, U.S. spot bitcoin ETFs have amassed a total net inflow of $12.42 billion.</li>
</ul>
<p>Spot <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">bitcoin</a> exchange-traded funds (ETFs) in the U.S. marked a third day of net inflows on Tuesday, gaining $31.64 million. This follows five days of outflows prior to the halving event of bitcoin.</p>
<h2 id="details-on-specific-etfs">Details on Specific ETFs</h2>
<p>Grayscale’s GBTC saw a net outflow of $66.88 million on the same day. On the other hand, BlackRock’s spot bitcoin ETF recorded $37.92 million in net inflows, the highest daily net inflow among these ETFs. Data also indicated net inflows of $33.28 million for Ark Invest’s fund and $23.23 million for Bitwise’s fund.</p>
<p>Since their introduction in January, U.S. spot bitcoin ETFs have garnered a total net inflow of $12.42 billion as of Tuesday. The total net assets of these funds stand at $55.82 billion. Grayscale’s ETF has experienced $16.83 billion in outflows since its conversion, although its net outflows have declined in comparison to previous weeks. The week of March 18 witnessed over $2 billion exiting GBTC.</p>
<h2 id="blackrock-s-ibit-and-bitcoin-s-price">BlackRock’s IBIT and Bitcoin’s Price</h2>
<p>BlackRock’s IBIT, which marked 70 consecutive days of net inflows as of Tuesday, has a current cumulative net inflow of $15.48 billion. The price of bitcoin increased by 0.16% within the last 24 hours, reaching $66,675.</p>

Bitcoin ETFs in the US Experience Consistent Inflows for Three Days Straight

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