U.S. spot Bitcoin ETFs have extended their positive inflow streak to 10 consecutive days, indicating investor support and strengthening macroeconomic conditions.
Current Inflow and ETF Leaders
On March 27, U.S. spot Bitcoin ETFs recorded a net inflow of $89.06 million, marking a 10-day consecutive inflow streak. Leading the inflow was Fidelity’s FBTC ETF with $97.14 million, followed by BlackRock’s IBIT with $3.97 million. This was partly offset by outflows from Invesco’s BTCO and WisdomTree’s BTCW ETFs, which saw net outflows of $6.95 million and $5.09 million, respectively.
Inflow Changes at the Year's Start
Earlier this year, Bitcoin ETFs recorded their largest daily net inflow of $1.08 billion on January 17, coinciding with the inauguration of President Donald Trump and a price surge to $109,000. After this peak, daily inflows remained mostly positive until February 10, when an outflow period began, only to be interrupted by resumed inflows starting March 17.
Macroeconomic Factors and Forecasts
Since the renewed inflow streak began, Bitcoin's price rose from $82,780 to $85,123, reflecting increased investor confidence amid improving economic conditions. Positive changes are linked to the Fed's shift from tightening to easing, Trump's calls for rate cuts, and a more lenient regulatory stance from the SEC. Despite this, Matrixport analysts warn that Bitcoin may remain in consolidation due to macroeconomic uncertainties.
While the 10-day inflow streak is encouraging, the long-term outlook remains cautious due to significant macroeconomic uncertainties that continue to affect the cryptocurrency market. The future remains vigilant as investors keep an eye on global economic shifts.
