As a direct result of the massive inflows into the Bitcoin ETFs and a supporting bull run, the daily inflows of capital being stored by the Bitcoin network just hit $2 billion per day, marking yet another milestone for the ecosystem.
The United States spot Bitcoin (BTC) exchange-traded funds (ETFs) achieved a new milestone after attracting more than $1 billion in net inflows for the first time on March 12.
Investments into spot Bitcoin ETFs continue to soar as daily inflows breached $11.1 billion over the last 13 days. On March 12, Bitcoin ETFs saw its biggest ever daily inflow of $1.045 billion, chiefly contributed to by BlackRock’s iShares Bitcoin ETF (IBIT).
IBIT accounted for $849 million of inflow, while others, such as ARK 21Shares Bitcoin ETF (ARK), VanEck Bitcoin Trust ETF (HOLD) and Fidelity Advantage Bitcoin ETF (FBTC) recorded a comparatively lower contribution of $93 million, $82.9 million and $51.6 million respectively.
