Fresh capital is flowing back into US spot Bitcoin exchange-traded funds (ETFs) following a five-day span of consecutive net outflows. Ten recently approved spot Bitcoin ETFs saw a combined net inflow of $418 million on March 26, led by strong inflows into Blackrock’s and Fidelity’s funds as reported by Farside Investors.

Source: Farside Investors

Fidelity's fund experienced its largest daily inflow since March 13, with $279.1 million on March 26. BlackRock’s fund attracted $162.2 million in inflows, while other funds like Ark 21Shares Bitcoin ETF, Invesco Galaxy, Franklin Templeton, and Valkyrie also saw significant inflows.

Grayscale’s Bitcoin Trust (GBTC) continued to experience outflows, notching a daily outflow of $212 million, although it was not enough to surpass the net inflows of its competitors. Since converting to an ETF, Grayscale has shed a substantial amount of BTC.

In a recent post, Bloomberg senior ETF analyst Eric Balchunas highlighted the presence of Bitcoin ETFs and noted the strength of BlackRock’s IBIT and Fidelity’s FBTC. Balchunas pointed out that Bitwise Bitcoin ETF was larger than the world’s largest SPDR Gold Shares fund.

Source: Eric Balchunas

Hashdex entered the US market as the eleventh spot Bitcoin ETF issuer on March 26 after announcing the conversion of its futures fund to a spot product trading under the ticker DEFI.