Spot Bitcoin ETFs Break Five-Day Outing Streak

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By Harper Lee

Fund • March 26, 2024, 4:14 a.m. EDT

Published 1 minute ago on

After five consecutive days of outflows, spot Bitcoin exchange-traded funds (ETFs) saw a full net inflow yesterday.

Net inflows into Bitcoin spot ETFs totaled $15.7 million on Monday, according to data from SoSo Value.

This follows consecutive one-day outflows of up to $326.2 million that occurred on March 19, according to data from The Block.

Fidelity’s FBTC received the highest daily net inflow of approximately $261 million by SoSo value. BlackRock’s IBIT, meanwhile, saw an inflow of around $35.5 million. Grayscale’s GBTC, on the other hand, saw a single-day net outflow of $350 million.

The fervor for spot Bitcoin ETFs has eased somewhat in recent days compared to the sheer mania felt when the products first hit the market.

Assets under management for spot Bitcoin ETFs – excluding GBTC – have stagnated over the past two weeks, standing at around $30.62 billion.

Spot Bitcoin ETF volumes have also declined steadily from their peak of nearly $10 billion in early March. On Friday, volumes of $3.1 billion were recorded.

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© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About the Author

Adam is editor-in-chief for Europe, the Middle East and Africa. He is based in Central Europe and was an editor and podcast host at crypto exchange OKX’s former research arm, OKX Insights. Before that, he co-founded, which he grew into one of the leading crypto media brands during his peak as editor-in-chief. Previously, he was the editor-in-chief of Before joining the blockchain and crypto industry, he worked for, and He tweets via @XBT002 and can be emailed at [email protected].

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