Spot Bitcoin ETFs See Continued Inflows
On Mar. 18, spot Bitcoin ETFs experienced $209 million in inflows, marking the third consecutive trading day of positive flows.
Key Highlights:
- BlackRock’s IBIT saw $218.1 million in inflows, accounting for the entirety of the inflows.
- ARK experienced a $9 million outflow, while other ETFs saw no flows.
- Sustained institutional demand is evident despite significant outflows earlier in the month.
Recent Trends in ETF Inflows
On Mar. 17, total ETF inflows exceeded $274 million, following a net outflow of $135.2 million on Mar. 13. This three-day inflow pattern indicates a shift in investor sentiment, with redeployment of capital that left ETFs last week.
Consolidated Buying Pattern
Notably, the buying activity appears consolidated, with one or two ETFs accounting for the majority of inflows. Despite smaller outflows, the overall net balance remains positive.
