Spot BTC ETFs Record $274 Million in Inflows on March 17
On March 17, US spot Bitcoin ETFs recorded net inflows of $274.6 million, the highest since early February. Cumulative net inflows for these products surpassed $35.5 billion after a previous downturn.
- Fidelity's FBTC led with $127.3 million in inflows
- ARK 21Shares' ARKB had $88.5 million
- BlackRock's IBIT received $42.3 million
- Grayscale's Mini BTC ETF and Bitwise's BITB saw inflows of $14.2 million and $2.3 million, respectively
The total trading volume reached $1.87 billion, while spot Ethereum ETFs experienced a nine-day selloff, resulting in a net outflow of $7.3 million from Grayscale's ETHE fund.
The Declining Volatility
- Spot Bitcoin ETFs faced a net outflow of $1.36 billion this month
- Global crypto market cap decreased from $3.23 trillion to $2.71 trillion in 30 days
- President Trump's tariffs on several countries contributed to bearish sentiment
- CBOE VIX declined from a seven-month high of 27.8 to 20.5, indicating reducing market volatility and increasing investor confidence
If the VIX continues to decline, inflows into stocks and Bitcoin ETFs may resume. Bitcoin is currently trading at $83,100, consolidating between $82,000 and $84,000 with a trading volume of $24 billion.