Spot Bitcoin ETFs Continue Positive Inflows, Closing Month on Strong Note

Spot Bitcoin ETFs Continue Positive Inflows, Closing Month on Strong Note

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Spot Bitcoin exchange-traded funds (ETFs) in the United States experienced net inflows for the fourth consecutive day, concluding the month with robust activity.

As of March 28, the daily total net inflow for spot Bitcoin ETFs in the U.S. amounted to $183 million, contributing to a cumulative total net inflow of approximately $12.13 billion. Data from SoSo Value indicates these positive trends.

Among the spot bitcoin ETFs, BlackRock’s iShares Bitcoin ETF recorded the largest net inflow of $95.12 million, followed by Fidelity’s Wise Origin Bitcoin Fund with a net inflow of $69.09 million.

Conversely, the Grayscale Bitcoin Trust observed net outflows, with nearly $105 million exiting the product during this period.

Spot bitcoin ETFs have garnered significant attention and adoption since their approval earlier this year. Despite a decline in volumes from their peak in early March, cumulative volumes are steadily progressing towards $200 billion, reaching $177.9 billion as of March 27, according to data from The Block.

Assets under management and on-chain holdings for spot bitcoin ETFs have also stabilized since their previous highs earlier in the month.

The current price of Bitcoin sits at $69,841, exhibiting a slight decrease of less than 1% for the day, according to The Block’s Price Page.

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