Bitcoin ETFs continued their positive streak with a $166 million inflow on, marking five consecutive days of gains, largely driven by Blackrock’s IBIT. Conversely, Ether ETFs faced a $12 million outflow, extending their decline to 12 consecutive days.
Investor Confidence Surges in Bitcoin ETFs With 5th Day of Consecutive Inflows
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Bitcoin ETFs Attract $166 Million As Ether ETFs Reach 12th Day of Outflows
In a remarkable show of strength, bitcoin exchange-traded funds (ETFs) continued to attract inflows with a total of $165.75 million on Thursday, March 20. This marked the fifth consecutive day of positive movement for spot bitcoin ETFs. Conversely, ether ETFs continued their downward trajectory with net outflows of $12.41 million, extending their streak to 12 consecutive days.
The day’s inflows were predominantly driven by Blackrock’s IBIT, which saw an impressive addition of $172.14 million. Other notable inflows included Vaneck’s HODL with $11.90 million, Fidelity’s FBTC with $9.19 million, and Grayscale’s BTC with $5.22 million.
Despite these gains, certain funds experienced minor outflows. Bitwise’s BITB lost $17.40 million, Grayscale’s GBTC saw a $7.98 million exit, and Franklin’s EZBC registered a $7.31 million outflow. These outflows, however, were insufficient to offset the overall positive trend in bitcoin ETFs.
Ether ETFs continued to face challenges, with Blackrock’s ETHA experiencing an $8.96 million outflow and Fidelity’s FETH seeing a $3.45 million reduction. These movements contributed to the ongoing decline in ether ETF assets, which closed the day at $6.79 billion.
The sustained inflows into bitcoin ETFs suggest a renewed investor interest and confidence in BTC with the number one crypto hitting $85,000 after positive sentiment from the Federal Open Market Committee’s (FOMC) meeting.
