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The 11 Bitcoin ETFs closed the week positively after consistent outflows.
After a trading day with a mix of inflows and outflows, the Bitcoin ETFs recorded a net inflow of $94 million.
The $94 million inflow ended a streak of significant outflows that had seen over $2.71 billion exit Bitcoin ETFs earlier in the week, per SoSoValue data.
The inflows signal a potential stabilization and improvement in investor sentiment following this week’s serious market downturn.
Farside Investors revealed that Fidelity’s Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) led the charge, collectively purchasing approximately 4,037 BTC.
FBTC saw around $176 million in inflows, while ARKB added $193.7, reflecting renewed institutional interest and a rise in optimism.
BlackRock’s (IBIT) led the outflows for the day, losing $244 million, while Grayscale’s Bitcoin Trust (GBTC) continued its bleeding, losing $33 million.
Total trading volume across Bitcoin ETFs reached $1.2 billion, a sharp decline from the $5.79 billion seen two days prior during peak outflows, per
Bitcoin Price Analysis
Yesterday’s inflows coincided with Bitcoin’s price dropping further below $90,000. At the time of the report, Bitcoin was exchanging hands for $85,000
Despite the positive day, Bitcoin ETFs remain under pressure, with cumulative net inflows since January 2024 at $37.12 billion, per X data.
This pivot follows a record $1.14 billion outflow on February 25, dubbed the year’s second-worst day, and contributed to the over $2 billion outflow in over six days.
Bitcoin ETFs continue facilitating institutional investments, attracting liquidity to the crypto market.
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