The ARK 21Shares Bitcoin ETF observed a significant increase in capital inflow on March 27, amounting to $201.8 million. This surge was a notable jump from the average inflow seen since the ETF's inception on January 11. Despite Bitcoin struggling to surpass $72,000, peaking at $71,670 and settling at $69,698, the fund continued to attract substantial investment. As of the latest update, Bitcoin was trading at $69,756, according to CoinMarketCap.

Inflow Comparison among ETFs

The day prior, ARK Invest also saw a substantial inflow of $73.6 million, significantly higher than usual, while March 25 recorded no new funds. Other Bitcoin ETFs experienced inflows at lower levels: Valkyrie Bitcoin ETF received $5.1 million, Invesco Galaxy Bitcoin ETF $4.8 million, Franklin Bitcoin ETF $4 million, and VanEck Bitcoin ETF $1.9 million. WisdomTree and Fidelity Investments Bitcoin ETFs each gained $1.5 million.

Analysis from Crypto Experts

Several crypto analysts have noted that investor attention may be too fixated on Bitcoin's short-term price changes rather than the considerable funds flowing into the cryptocurrency. Gumshoe, a crypto researcher, emphasized the disconnect between daily price concerns and the record-breaking inflow into Bitcoin ETFs. Matt Hougan, CIO at Bitwise, highlighted the regulatory restrictions in the UK that limit professional investors' access to Bitcoin ETF funds, predicting a shift with over 100 assessments anticipated in the next two years.

Noted crypto commentator Bitcoin Munger suggested that an additional $13 billion influx could potentially boost Bitcoin's price by $50,000 to $70,000 or more. Since the beginning of the year, spot Bitcoin ETF funds have garnered $13.2 billion in new capital, reflecting strong investor confidence in Bitcoin despite challenges related to regulations and price fluctuations.

This news was originally published on BH NEWS: ARK 21Shares Bitcoin ETF Sees Surge in Capital Despite Bitcoin’s Price Hurdles