Spot bitcoin ETFs see fourth consecutive day of net inflows to end the month
Quick Take
- The daily total net inflow for the spot bitcoin ETFs in the United States was $183 million as of March 28.
- The cumulative total net inflow has reached approximately $12.13 billion.
- Net outflows from the Grayscale Bitcoin Trust continued, with nearly $105 million leaving the product.
Flows into spot bitcoin exchange-traded funds remained net positive on Thursday for the fourth consecutive day — closing the month on a strong note.
The daily total net inflow for the spot bitcoin ETFs in the United States was $183 million as of March 28 — bringing the cumulative total net inflow to about $12.13 billion — according to data from SoSo Value.
BlackRock's iShares Bitcoin ETF saw the largest net inflow of $95.12 million, while the Fidelity Wise Origin Bitcoin Fund brought in a net inflow of $69.09 million.
On the other hand, net outflows from the Grayscale Bitcoin Trust continued, with nearly $105 million leaving the product.
Spot bitcoin ETF metrics steady into the end of March
Spot bitcoin ETFs have proved popular since garnering long-awaited approval earlier this year.
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However, volumes have steadily declined since peaking in early March as cumulative volumes march toward $200 billion. As of March 27, cumulative spot bitcoin ETF volumes reached $177.9 billion, per data from The Block.
Spot bitcoin ETF assets under management and on-chain holdings have also steadied since peaking earlier this month.
The bitcoin price is currently down less than 1% on the day to $69,841, according to The Block's Price Page.
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