Spot Bitcoin exchange-traded funds (ETFs) witnessed record inflows on March 12.
Reported by BitMEX Research to data by spot Bitcoin ETFs March 12 day Net inflow over 1 billion dollars broke a record by hosting.
giant financial institution BlackRock in a single day $849 million By providing spot Bitcoin ETF volume broke his own record.
US Securities and Exchange Commission (SEC) January 11 in total since approving spot Bitcoin ETFs on $4.1 billion inflow happened. The snowballing interest in spot Bitcoin ETFs has led to the Bitcoin price falling from January 10 to today. from $39,400 to $73,400 caused it to rise up to .
In particular, spot Bitcoin ETFs, which enable US-based institutional investors to meet Bitcoin, caused the BTC supply on cryptocurrency exchanges to decrease rapidly.
While the demand for Bitcoin, which has a limited supply, has increased, the price has gained a parabolic upward momentum in recent weeks, gradually increasing the appetite of investors.