USA on March 22 Bitcoin ETFs have experienced a mixed flow of fund inflows and outflows. Last Day’s transaction volumes were as follows: IBIT with 1.44 billion dollars, GBTC with 660 million dollars, FBTC with 515 million dollars, ARKB with 187 million dollars and BITB with 97 million dollars.
ARKB, 85 to Bitcoin saw an equivalent inflow of $5.4 million. There was a positive inflow of $30 million into EZBC. However, GBTC experienced an outflow of $170 million. BITB and FBTC witnessed inflows of $16.3 million and $18 million, respectively. BTCO and IBIT also saw positive inflows of $4.5 million and $19 million. There was a significant inflow of $25.5 million into BRRR.
Despite these inflows, the day’s total was a net negative $51 million, marking the fifth consecutive negative day.
Since their launch in January, 10 US spot Bitcoin ETFs have seen total inflows of $11 billion, according to BitMEX Research. Historically, financial advisors, sophisticated family offices, hedge funds, venture capital funds, and banks have been hesitant to enter the world of digital assets other than occasionally launching internal blockchain projects to improve efficiency.
But this trend seems to be changing. According to media reports in February, Bank of America’s Merrill Lynch and multinational financial services giant Wells Fargo have already begun offering access to spot Bitcoin ETFs to select asset management clients.
Analysts expect these outflows from ETFs to subside soon. cryptocurrency “The outlook for spot BTC ETF inflows remains buoyant as most major platforms are still in the early stages of opening up access to their customers,” said David Lawant, director of research at brokerage firm FalconX.
*This is not investment advice.
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