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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