This week, the net inflow of funds into ten BTC spot ETFs reached 2.575 billion US dollars

2024/03/16 11:42

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Chain analyst EmberCN stated in a post that, bolstered by strong capital inflows in the first three days of this week, the net inflow of funds into ten BTC spot ETFs this week reached $2.575 billion. This is the highest weekly net inflow of funds since the launch of BTC spot ETFs.

On 3/15, ten BTC spot ETFs had a net inflow of $198.88 million, corresponding to an estimated net inflow of about 2,887 BTC to the ETF custody address after the US stock market opens on Monday (3/18):

Outflow: Grayscale (GBTC) saw an outflow of approximately 2,025 BTC (corresponding to a fund outflow of $139.42 million on 3/15);

Inflows: The remaining nine ETFs saw an influx of about 4,912 BTC (corresponding to a fund influx of $338.3 million on 3/15). The main contributors were BlackRock(IBIT) and Fidelity(FBTC), which together brought in 4,291BTC ($295.45 million). Currently, these ten BTC spot ETFs collectively hold: 833806BTC ($57.41 billion).

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.

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This week, the net inflow of funds into ten BTC spot ETFs reached 2.575 billion US dollars

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