Spot Bitcoin ETF net inflows exceeded $1 billion in one day.
Yesterday was another day of record inflows into the recently approved spot Bitcoin exchange-traded fund in the United States.
On March 12, net spot Bitcoin ETF inflows reportedly exceeded $1 billion. data From BitMEX Research.
At the same time, Blackrock’s IBIT product, which surpassed 200,000 BTC in assets under management earlier this week, saw record inflows of $849 million.
In terms of Bitcoin, yesterday witnessed a record of 14,706. 
BTC
+2.24%
inflow.
Meanwhile, the total net Bitcoin ETF inflow after January 11, 2024 is reached 4.1 billion dollars.
As of yesterday, spot Bitcoin ETFs hold over 90% of the daily volume market share of ETFs offering Bitcoin exposure, which is an all-time high. Meanwhile, Bitcoin futures ETFs now only account for 10% of the market share.
To date, the best spot ETFs for cryptocurrencies have proven to be objectively successful by almost every measurable metric.
“Seeing net inflows of more than $1 billion, a new record more than a month after launch, is very impressive for any ETF,” said George Calle, Vice President of Research at The Block.
“American scene Bitcoin “The ETF has achieved widespread success, exceeding even our most optimistic expectations.” GSR research analyst Brian Rudick told The Block yesterday. “Over $10 billion in inflows in just two months is approaching levels expected for most first years, and there is debate as to why inflows could increase from here, including strengthening issuer sales efforts and adding to asset manager product offerings. . , standardizing GBTC outflows.”
Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.
© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.
