Inflows into Spot Bitcoin ETFs Exceed $400M

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Inflows into Spot Bitcoin ETFs Exceed $400M

Investors have returned to investing in Bitcoin exchange-traded funds (ETFs) in the United States after five consecutive days of outflows.

The ten ETFs approved in January recorded combined inflows of $418 million on March 26, driven by strong investments in funds from BlackRock and Fidelity, according to data from Farside Investors.

Fidelity’s fund recorded its largest daily inflow since March 13, at $279.1 million, as it bought an additional 4,000 BTC. This was the second consecutive day of inflows above $260 million for the fund.

Meanwhile, BlackRock’s fund attracted inflows of $162.2 million, although daily inflows have been lower compared to earlier this month, when it averaged more than $300 million a day.

Other notable inflows came from the Ark 21Shares Bitcoin ETF, which posted its best day since March 12 with inflows of $73.6 million, and from Invesco Galaxy, Franklin Templeton and Valkyrie, which all saw inflows of more than $26 million into their respective funds.

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