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Bloomingbit Newsroom

Summary

  • Net inflows continued in the spot Bitcoin (BTC) ETF market, extending the flow of institutional capital, the report said.
  • On March 17, total net inflows across Bitcoin ETFs reached $198.31 million, with $168.27 million concentrated in BlackRock's IBIT.
  • The day's fund flows showed continued selective inflows centered on major asset managers, indicating that institutional investors are increasingly concentrating on specific ETF products.

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Photo=Trader T
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Net inflows continued in the spot Bitcoin (BTC) ETF market, extending the flow of institutional capital into the sector.

According to data compiled by Trader T on March 17 (local time), total net inflows across Bitcoin ETFs reached $198.31 million.

Funds were concentrated in BlackRock's IBIT. IBIT drew in $168.27 million in a single day, accounting for most of the total net inflows.

Fidelity's FBTC attracted $24.39 million, Ark's ARKB saw $2.48 million, and VanEck's HODL recorded $3.17 million in inflows.

By contrast, major ETFs including Bitwise's BITB, Invesco's BTCO, Franklin's EZBC, Valkyrie's BRRR, and WisdomTree's BTCW saw neither inflows nor outflows.

Grayscale's GBTC and its Mini Bitcoin ETF also showed no fund flows.

The day's fund movements showed continued selective inflows centered on major asset managers, suggesting that institutional investors are increasingly concentrating on specific ETF products.

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