Bitcoin ETF Today, the interest in ‘s attracts attention with a strong return, rising above 400 million dollars again. In particular, despite the intense GBTC liquidations over the past week, seeing healthy inflows from ETFs is considered an important development.
On Tuesday, March 26, nine different Bitcoin ETFs recorded net inflows totaling $417 million, according to data from Farside Investors.
On the other hand, during the same time period, Grayscale’s ETF, GBTC, experienced a significant outflow of $212 million in net outflows. However, this amount showed some improvement compared to last week’s daily outflows of over $300 million. GBTC’s historical net outflow now exceeds $14.36 billion.
Among Bitcoin spot ETFs, Fidelity’s FBTC ETF recorded the highest single-day inflow with a net inflow of $279 million. Fidelity surpassed BlackRock in daily inflows for the second time this week. As of early Monday, Fidelity’s inflows were $270 million, while BlackRock’s inflows remained below $40 million.
Mobility Increased on the Bitcoin ETF Front
Bitwise CIO predicts continued long-term ETF demand. Matt Hougan emphasized his confidence in Bitcoin ETFs, noting that there is a significant difference in the pace of adoption of these ETFs. He noted that some financial advisors allocate 3% to their clients, but others have yet to address this issue. He also noted that national account platforms evaluate BTC ETFs with different approval timelines; some are approving immediately, while others are waiting until mid-2025 for potential approval. stated.
Day 19 of 20 on the road. It has been an amazing trip.
NEWS CONTINUES BELOWA few additional take-aways to share:
1) ETF Flows Will Continue for Years: A good question to ask about the new bitcoin ETFs is whether the incredible inflows we’ve seen in the first two months represent a one-time surge…
— Matt Hougan (@Matt_Hougan) March 26, 2024
Hougan emphasized that despite the current situation, most professional investors still do not have access to Bitcoin ETFs. However, he predicted that over the next two years, this dynamic will gradually change through more than 100 individual due diligence processes.
He also emphasized that ETF launches reduce downside risk to Bitcoin. Hougan, who previously stated that the risk of Bitcoin falling to zero limited investment appetite, stated that by reducing such risks, larger allocations became more feasible and logical for investors. He said actual institutions such as pension funds or endowments would still limit their exposure to Bitcoin to 1%; However, he believes 3% is the new normal for the asset market.
