Yesterday, the crypto market experienced significant activity, as Bitcoin ETFs received inflows totaling $243 million, despite the news of $299 million outflows from GBTC. This suggests that institutional confidence in Bitcoin ETFs is returning, coinciding with Bitcoin's stable performance.

IBIT ETF from BlackRock led the way with a notable $323 million inflow, followed closely by ARKB from ARK Invest & 21Shares with $200 million inflow. Bitcoin prices flirted with hitting $72,000, attracting investors' attention. ARK 21Shares Bitcoin ETF saw four times its daily average inflow since its market debut on January 11, shared by Farside Investors.

Valkyrie, Invesco Galaxy, Franklin, and VanEck saw inflows ranging from $1.9 million to $5.1 million, while WisdomTree and Fidelity each had $1.5 million inflows.

BlackRock's CEO, Larry Fink, expressed surprise at IBIT's performance, claiming it to be the fastest-growing ETF in history, accumulating $13.5 billion in just 11 weeks. On March 12, alone, it received an $849 million inflow, setting unprecedented records.

Fink acknowledged the market's improved liquidity and transparency, expressing pleasant surprise about the retail demand experienced. When questioned about his expectations for IBIT, he admitted to anticipating good performance but not to this extent. Fink also shared his bullish outlook on Bitcoin, considering it the most promising asset he is monitoring.