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On March 12, the 10 Bitcoin spot ETFs saw a record inflow of $1.04 billion, with BlackRock\u2019s IBIT accounting for $849 million of the total figure.\u00a0<\/strong><\/p>\n Yesterday was another record-breaking day of inflows for the 10 Bitcoin (BTC) spot-based exchange-traded funds (ETFs) in the United States.\u00a0<\/span><\/p>\n According to data from BitMEX Research, the net inflows to the Bitcoin spot ETFs surpassed $1 billion on March 12. In Particular, the total inflow recorded yesterday was worth $1.04 billion. This marks the largest inflows recorded in a single day since these investment products started trading on January 11.\u00a0<\/span><\/p>\n The previous daily record inflow was registered on February 28, when the 10 Bitcoin funds attracted $673 million worth of investments.\u00a0<\/span><\/p>\n [1\/4] Bitcoin ETF Flow \u2013 12 March 2024<\/p>\n All data in. Record day with over $1 billion of net inflow. Blackrock with a record $849 million of inflow pic.twitter.com\/dKFmM3Qvaa<\/p>\n \u2014 BitMEX Research (@BitMEXResearch) March 13, 2024<\/p>\n<\/blockquote>\n Interestingly, BlackRock\u2019s iShares Bitcoin Trust (IBIT) attracted the largest inflow to the tune of $849 million. As a result, the total assets under management (AUM) within the IBIT fund spiked to $15.42 billion, ranked only behind Grayscale Investments\u2019 Bitcoin Trust ETF (GBTC) ETF, which holds $27.68 billion.<\/span><\/p>\n Meanwhile, Ark 21Shares Bitcoin ETF (ARKB) and VanEck Bitcoin Trust (HODL) were behind IBIT. While ARKB saw an inflow of $93 million, HODL\u2019s inflow stood at $82.9 million.\u00a0\u00a0<\/span><\/p>\n – Advertisement –<\/span><\/p>\n VanEck\u2019s ETF ranked third after the company announced a 0.20% sponsor fee waiver until March 31, 2025, or once the fund records its first $1.5 billion AUM. The fund currently boasts $515 million in assets under management.<\/span><\/p>\n Furthermore, Fidelity\u2019s FBTC was the fourth Bitcoin ETF that saw the most inflow yesterday. The fund attracted $51.6 million, bringing its AUM to approximately $9.2 billion.\u00a0<\/span><\/p>\n Expectedly, GBTC continued to record outflow. However, the company saw a meager outflow of $79 million on March 12 compared to the previous day\u2019s record of $494 million.\u00a0<\/span><\/p>\n The surge in ETF inflows comes on the heels of Bitcoin setting new all-time highs (ATH). Since breaking its previous ATH of 2021, Bitcoin has registered new ATHs over the past eight days. The current ATH of $73,637 was registered on March 13.\u00a0<\/span><\/p>\n These significant surges to new all-time highs have persisted despite the halving being a few weeks away. While BTC\u2019s recent performance has been outstanding, crypto bull Samson Mow asserted that Bitcoin has not yet commenced its price run.\u00a0<\/span><\/p>\n He noted that faces will be atomized when the asset\u2019s price run takes place. Mow also expects Bitcoin to reach a $1 million price target in the future, emphasizing that the goal was set when the U.S. SEC approved multiple Bitcoin spot ETFs in January.\u00a0<\/span><\/p>\n Follow Us<\/strong> on Twitter and Facebook.<\/span><\/p>\n Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n -Advertisement-<\/p>\n<\/div>\n<\/div>\nNew Daily Inflow Record\u00a0<\/span><\/h2>\n
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BlackRock Sees $849M Inflows in a Single Day<\/span><\/h2>\n
Bitcoin Sets New ATH\u00a0<\/span><\/h2>\n