- All ten Bitcoin ETFs collectively amassed $198 million in inflows on Friday.
- The figure marks a 71% decline from the $683.7 million recorded on March 13.
- This inflow was primarily propelled by the $155 million into Fidelity’s ETF FBTC.
Friday’s inflows to Bitcoin spot exchange-traded funds (ETFs) remain significantly lower than previous records amid the crypto market’s recent bearish volatility. This downturn correlated with Bitcoin’s recent nosedive to within the $65,000 threshold yesterday. Prominent Chinese reporter Colin Wu called attention to the development in a recent post on X.
On March 15th, the total net inflow of Bitcoin spot ETFs was $198 million. Grayscale ETF GBTC had a net outflow of $139 million for the day. The Bitcoin spot ETF with the highest net inflow for the day was Fidelity's ETF FBTC, with a net inflow of approximately $155 million.… pic.twitter.com/5Rh3KznqCf— Wu Blockchain (@WuBlockchain) March 16, 2024
According to data from tracking resources, all ten Bitcoin ETFs collectively amassed $198 million in inflows yesterday. The figure represents a substantial drop from previous inflow volumes. To put it into perspective, the $…
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