Record Inflow of 12.6K BTC into BlackRock’s Bitcoin ETF

By: Isha Das

BlackRock’s Bitcoin ETF, IBIT witnessed an extraordinary inflow equating to approximately 12,447 BTC or $788 million. This historical event took place on March 5 raising the ETF's total net inflows to an impressive $9.2 billion, roughly equivalent to 183,000 BTC. This surge of inflow is the largest ever recorded from an ETF provider, as per data from BitMEX.

Notably, this wasn't the only ETF recording notable activity. Fidelity's FBTC also marked a significant inflow of $126 million, advancing their total net inflows to $5.3 billion. Conversely, GBTC experienced an outflow of $333 million; however, this denotes an overall positive trend as GBTC's decreasing outflows reached $9.6 billion.

Collectively, net inflows for Bitcoin ETFs have hit an astounding $8.6 billion, which signifies around 162,868 BTC.