After recent unease in the crypto markets, U.S. spot Bitcoin ETFs have returned to positive with a net inflow of $14.03 million on March 12.
Bitcoin ETF Inflows Return
The past week saw net outflows from spot Bitcoin ETFs, raising concerns among investors. However, March 12 marked a positive shift with a $14.03 million net inflow, indicating renewed interest or a temporary pause in selling pressure.
Spot Bitcoin ETF Performance
Not all crypto ETFs performed equally on March 12. ARK Invest's ARKB led with an inflow of $82.6 million, highlighting investor confidence. Grayscale’s Mini BTC Trust also saw a positive inflow of $5.51 million, despite continued outflows from GBTC.
What Does it Mean for Bitcoin Market?
The return to net inflows may suggest a temporary reprieve from selling pressures or investors seizing buying opportunities. Nevertheless, uncertainty remains with outflows seen in major funds like BlackRock's IBIT and Grayscale's GBTC.
The $14.03 million net inflow into U.S. spot Bitcoin ETFs on March 12 provides some hope following recent outflows. Investors should monitor ETF flows and market sentiment closely.
