Bitcoin ETFs continued their positive momentum with a seventh consecutive day of inflows, adding $84 million on March 24. Meanwhile, Ether ETFs ended a 12-day streak of outflows, recording neutral activity for the day.
Fidelity’s FBTC Leads Daily Inflow as Bitcoin ETFs Achieve 7-Day Inflow Streak With $84 Million Addition
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Bitcoin ETFs Look to Reclaim $100 Billion in Net Assets
The show of strength from bitcoin ETFs continued into the new week with an $84.17 million fund inflow on Monday, March 24. This marked the 7th straight day of inflows for bitcoin ETFs.
Among the 12 funds tracked, Fidelity’s FBTC led the charge with an $82.85 million addition. Bitwise’s BITB and Blackrock’s IBIT also contributed, bringing in $19.23 million and $18.07 million, respectively.
Vaneck’s HODL added $5 million to the day’s inflows. However, Ark 21shares’ ARKB experienced a $40.97 million outflow, slightly offsetting the gains but not derailing the overall positive trend.
Approximately $1.97 billion in trading volume moved through the 5 bitcoin ETFs, with the remaining 7 remaining neutral, with no recorded inflows or outflows.
In contrast, ether ETFs broke their 12-day outflow streak by recording zero net flows, signaling a pause in the recent trend of capital exits. This stabilization suggests a potential reassessment of investor preferences in ether ETFs.
By the close of trading, bitcoin ETFs’ total net assets looked to reclaim the significant $100 billion milestone, settling at $99.31 billion. This figure represents about 5.7% of bitcoin’s total market capitalization.
