Bitcoin Spot ETFs Attract $197 Million in Net Inflows as Q1 Ends

The US Bitcoin spot ETFs had a moderately positive week, attracting approximately $200 million in net inflows following significant withdrawals earlier in March. This marks 10 consecutive days of positive net flows for Bitcoin ETFs, suggesting renewed interest from institutional investors.

Key Highlights

Bitcoin ETFs recorded $196.7 million in net inflows last week, excluding Friday's outflows of $93.47 million.
Blackrock’s IBIT led with $171.95 million in inflows, followed by Fidelity’s FBTC at $86.84 million.
Ark Invest’s ARKB faced the largest outflow, losing $40.97 million, while other ETFs saw moderate redemptions.
In January, Bitcoin ETFs had strong inflows of $5.25 billion but experienced $4.25 billion in outflows during February and March.
Uncertainty remains due to potential Fed rate hikes and macroeconomic factors that could affect high-risk investments.
As of now, Bitcoin trades at $83,359, down 0.77% in the past day, with a daily trading volume of $16.88 billion, a decrease of 49.43%.

Bitcoin spot ETFs