BlackRock’s ETF recorded the highest inflow at $350 million while Grayscale saw $250 million in outflows.
Spot Bitcoin exchange-traded funds (ETFs) recorded one of their lowest net inflows on March 14 at $132 million. This is the lowest level in the past eight trading days and marks an 80% fal from the previous day.
The Thursday drop marked the second consecutive day of decline. On Wednesday, there was an inflow of $684 million, representing a 38.3% drop from the previous day. Tuesday saw a record-breaking single-day inflow of $1.05 billion.
The total flow of funds into ETFs stood at $390 million on March 14, with Grayscale’s GBTC seeing another $257 million in outflows, bringing the net inflow to $132 million. On the same day, VanEck Bitcoin Trust ETF (HODL) and Fidelity’s FBTC recorded inflows of $13.8 million and $13.7 million, respectively. Despite a significant outflow from GBTC, the net flow remained positive on Thursday.
