Record Breaking Inflows Recorded for Bitcoin ETFs

By: Eliza Bennet

Significant Surge in Bitcoin (BTC) ETFs Inflows

Data unveiled from top crypto firms indicates a significant surge in Bitcoin (BTC) ETFs net inflows on March 27, aggregating a substantial figure of $243.4 million, equivalent to 3,534.7 BTC. Pioneering this drive was BlackRock’s IBIT, which registered a net inflow of $323.8 million, or 4,701.5 BTC. This inflow took its total net inflow to an astounding $13,862.7 billion, equivalent to 250,787 BTC, marking the largest inflow BlackRock has observed in a week which goes beyond ten times than its smallest inflow the preceding week.

ArkB of Ark Investment Management Notch Record Inflows

Investors have been particularly patronizing Ark Investment Management with its ArkB recording a historic day. This particular swing raked in $200.7 million in net inflows, corresponding to 2,915.2 BTC, thereby elevating its total net inflows to $2,276.7 billion which is equivalent to 44,086 BTC. On the other end of the spectrum, the Grayscale Bitcoin Trust (GBTC) persistently experienced outflows, having $299.8 million, or 4,354.2 BTC, exited the fund. This resulted to total net outflows totaling a disquieting $14,662.8 billion, equivalent to 282,454 BTC.

Fidelity's FBTC Holds Up Despite Sparse Inflows

There were mix fortunes amongst funds, with Fidelity’s FBTC experiencing a scarce inflow of simply $1.5 million, tallying to 21.8 BTC. However, this minute contribution drove total net inflows to a prominent $7,494.0 billion, equivalent to 140,905 BTC. Meanwhile, notwithstanding the withdrawals from GBTC, the aggregate net inflows into Bitcoin ETFs attained $11,942.6 billion, akin to 210,264 BTC. Overall, this development underscores the growing acceptance and confidence investors have towards digital currencies, particularly Bitcoin.