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**Record Inflows for Cathie Wood's Bitcoin ETF as Price Nears $72K**

Mar 28, 2024

Latest data from Farside Investors shows that the ARK 21Shares Bitcoin ETF experienced a significant increase in daily inflows on March 27, exceeding its average since its launch on January 11. Other Bitcoin ETFs, such as Valkyrie, Invesco Galaxy, Franklin, and VanEck, also saw notable inflows. However, WisdomTree and Fidelity Investments reported lower inflows. Bitcoin's price fluctuated around $69,000 to $71,000, sparking discussions among crypto commentators about the focus on short-term price changes. Various experts, including crypto researcher Gumshoe and Bitwise CIO Matt Hougan, shared their perspectives on the situation. Influential figure Bitcoin Munger speculated that significant new capital inflows could bolster Bitcoin's price further. Earlier reports indicated a substantial inflow of capital into investment products related to Bitcoin.

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