Bitcoin ETFs Report $11.8 Million Inflow as Market Interest Grows
Bitcoin (BTC), ether (ETH), and the broader crypto market are experiencing renewed pressure after Federal Reserve Chairman Jerome Powell's remarks on inflation. President Trump is slated to speak at Blockworks' Digital Asset Summit, with expectations of discussing U.S. plans to acquire BTC.
- Bitcoin ETFs saw a net inflow of $11.8 million over four consecutive days, while ether ETFs experienced an outflow of $11.7 million, marking 11 days of withdrawals.
- Whales have accumulated approximately 62,000 more BTC this month, indicating increased buying activity.
- SUI token remains stable following a proposed ETF filing by Canary Capital Group with the SEC.
- Speculation around a potential token airdrop for Hyperlane has emerged due to a new domain claim page.
What to Watch
- March 20: Bitnomial launches CFTC-regulated XRP futures in the U.S.
- March 20: Volatility Shares introduces two Solana futures ETFs.
- March 21: SEC Crypto Task Force hosts a public roundtable on security definitions.
- March 24: Bitcoin miner CleanSpark joins S&P SmallCap 600 index.
Market Movements
BTC is down 0.26% at $83,576.60; ETH is down 2.85% at $1,980.15. The CoinDesk 20 index is down 0.96% at 2,711.65.
ETF Flows
Spot BTC ETFs had a daily net flow of $11.8 million, totaling cumulative net flows of $35.88 billion. Spot ETH ETFs recorded a daily net outflow of $11.7 million.
Technical Analysis
Nvidia has shown a bearish trend change, impacting risk assets including Bitcoin.
Token Events
- March 21: Immutable (IMX) unlocks 1.39% of its circulating supply.
- March 31: Optimism (OP) unlocks 1.93% of its circulating supply.
- April 1: Sui (SUI) unlocks 2.03% of its circulating supply.
BTC Dominance stands at 61.60%. The global futures open interest for BTC has risen to $13.3 billion.