Daily Inflows of Bitcoin ETFs Surpass 1 Billion Dollars Milestone

Crypto News– On March 12, the United States spot Bitcoin exchange-traded funds (ETFs) reached a significant milestone, drawing in over $1 billion in net inflows for the very first time. This surge in investments into spot Bitcoin ETFs has been remarkable, with daily inflows surpassing $11.1 billion over the past 13 days alone.

Daily Inflows of Bitcoin ETFs Surpass 1 Billion Dollars Milestone

The largest daily inflow occurred on March 12, totaling $1.045 billion, with a major contribution coming from BlackRock’s iShares Bitcoin ETF (IBIT), which attracted $849 million. Other notable contributions came from ARK 21Shares Bitcoin ETF (ARK), VanEck Bitcoin Trust ETF (HOLD), and Fidelity Advantage Bitcoin ETF (FBTC), recording inflows of $93 million, $82.9 million, and $51.6 million, respectively.

This surge in investments has not only impacted Bitcoin ETFs but has also had a direct effect on the overall Bitcoin network. The daily inflows of capital into the network have surged to $2 billion per day, reflecting the growing strength of the ecosystem.

Among the approved Bitcoin ETFs in the U.S., Franklin Bitcoin ETF (EZBC) has seen relatively lower inflows at $148 million, while IBIT leads the pack with $11.4 billion in inflows. On the flip side, the Grayscale Bitcoin Trust (GBTC) has been experiencing daily outflows, totaling $11.1 billion over the past 13 days.

Initially, Grayscale’s fund dominated the market, accounting for about 99.5% of total assets under management on the first trading day of the 10 U.S. spot Bitcoin ETFs. However, consistent outflows from GBTC, averaging $329 million per day last week, have gradually eroded its market share over time.