Spot bitcoin ETFs see fourth consecutive day of net inflows to end the month

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.

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.

Expand Chart

Spot bitcoin ETF assets under management and on-chain holdings have also steadied since peaking earlier this month.

Expand Chart

The bitcoin price is currently down less than 1% on the day to $69,841, according to The Block's Price Page.