Spot bitcoin ETFs break five-day outflow streak
Spot bitcoin exchange-traded funds experienced a total net inflow yesterday.Fidelity’s FBTC received the highest single-day net inflow.
The net inflow into spot bitcoin ETFs on Monday totaled $15.7 million, according to data from SoSo Value.
This follows consecutive single-day outflows of as much as $326.2 million, which occurred on March 19, per The Block's data.
Fidelity's FBTC received the highest single-day net inflow of approximately $261 million, per SoSo Value. BlackRock's IBIT, meanwhile, saw an inflow of roughly $35.5 million. Grayscale's GBTC, on the other hand, experienced a single-day net outflow of $350 million.
The fervor for spot bitcoin ETFs has relaxed somewhat in recent days compared to the full-blown mania experienced when the products first went to market.
Spot bitcoin ETFs' assets under management — excluding GBTC — have plateaued over the past two weeks, sitting at around $30.62 billion.
Spot bitcoin ETF volumes have also decreased steadily from their early March peak of nearly $10 billion. On Friday, $3.1 billion in volumes was recorded.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Can the 40 billion bitcoin taken away by Qian Zhimin be returned to China?
Our core demand is very clear—to return the assets to their rightful owners, that is, to return them to the Chinese victims.
Bitcoin Surges but Stumbles: Will Crypto Market Recover?
In Brief Bitcoin fails to maintain its position above $93,000 and faces heavy selling pressure. Altcoins experience sharp declines, with some showing mixed performance trends. Shifts in U.S. spot Bitcoin ETF flows highlight cautious investor behavior.
Qubic and Solana: A Technical Breakthrough by Studio Avicenne
Trending news
MoreCrypto prices
More
