Recent Strong Performance of Bitcoin ETFs

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by Giorgi Kostiuk

3 years ago

Made with AI

Spot bitcoin ETFs continue to see positive net inflows for the fourth consecutive day, wrapping up the month on a strong note.

The total net inflow for U.S. ETFs reached $183 million on March 28, bringing the cumulative total to about $12.13 billion.

Inflows and Outflows of ETFs

BlackRock's iShares Bitcoin ETF received the highest net inflow of $95.12 million, followed by the Fidelity Wise Origin Bitcoin Fund with $69.09 million.

Conversely, the Grayscale Bitcoin Trust experienced net outflows, with around $105 million leaving the product.

Performance of Spot Bitcoin ETFs

Despite the popularity of spot bitcoin ETFs among investors following approval earlier this year, volumes have been decreasing since early March, with cumulative volumes close to $200 billion.

As of March 27, the cumulative spot bitcoin ETF volumes were at $177.9 billion.

The assets under management and on-chain holdings of spot bitcoin ETFs have also stabilized since peaking earlier in the month.

Currently, the price of Bitcoin is slightly down by less than 1% at $69,841.

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