On March 18, BlackRock's IBIT ETF achieved a $218.12 million daily inflow. Total net assets for crypto ETFs reached $91.97 billion, which is 5.65% of Bitcoin's capitalization.
Record Achievements of BlackRock's ETF
NASDAQ reported that the IBIT ETF, sponsored by BlackRock, witnessed a one-day inflow of $218.12 million, with cumulative inflows of $39.50 billion. Its assets rose to $46.79 billion, representing 2.87% of Bitcoin's market cap. The fund's market price reached $48.61, showing a 3.85% daily increase.
Stability of Grayscale and Other ETFs
On NYSE, Grayscale's GBTC ETF recorded no new inflows, maintaining cumulative inflows at negative $22.50 billion. Its net assets were valued at $15.95 billion, with a market price of $67.59, reflecting a 3.86% daily gain. Bitwise's BITB ETF and VanEck's HODL ETF also showed stability without new inflows but with increasing values.
Data Analysis and Market Implications
According to SoSovalue, the overall daily ETF inflow on March 18 was $209.12 million, with a cumulative total of $35.79 billion. The total trading volume was $2.12 billion, highlighting the growing market interest in cryptocurrency investment instruments.
The record inflow into IBIT ETF underscores the growing popularity of cryptocurrency ETFs despite the stability of other major ETFs. This may indicate changing investor interest towards crypto investment tools.
