According to data from BitMEX Research, in the United States Bitcoin exchange traded funds (ETF) Its rise in popularity reached new heights yesterday, with net inflows reaching a staggering $1 billion in a single day.
Record $1 Billion Inflow into Spot Bitcoin ETFs in a Single Day
On March 12, investors invested over $1 billion in Bitcoin ETFs, marking another milestone for these recently approved investment vehicles.
At the same time, Blackrock’s IBIT product saw a record inflow of $849 million earlier this week.
In terms of Bitcoin, this represents a record inflow of 14,706 BTC and highlights the significant interest in these ETFs among investors. Cumulative net inflows into Bitcoin ETFs since January 11, 2024 have now reached an impressive $4.1 billion.
Remarkably, as of the latest data, spot Bitcoin ETFs now hold more than 90% of the daily trading volume market share among ETFs investing in Bitcoin and have reached an all-time high.
In comparison, Bitcoin futures ETFs hold only 10% of the market share.
Brian Rudick, Research Analyst at GSR, noted the remarkable success of US spot Bitcoin ETFs.
“Their inflow of over $10 billion in just two months is approaching what most people think they will make in the first year,” Rudick said.
Rudick also highlighted potential factors contributing to further inflows, such as increased sales efforts by issuers, integration into asset manager product offerings, and normalization of outflows from the Grayscale Bitcoin Trust (GBTC).
*This is not investment advice.
For exclusive news, analysis and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price monitoring now by downloading our applications!