Bitcoin Spot ETFs See Chilly Inflows As Market Shivers: What Does It Mean For Investors?
The total net inflow into Bitcoin spot exchange-traded funds (ETFs) was recorded at $132 million on Thursday, March 14, contrasting sharply with the outflows experienced by other funds, notably the Grayscale ETF (OTC: GBTC). The Grayscale ETF saw a dramatic net outflow of $257 million in a single day. In contrast, BlackRock’s ETF IBIT (NASDAQ: IBIT) stands out amid the volatility. It secured a net inflow of $345 million on the same day, elevating its total historical net inflow to an impressive $12.37 billion, according to data from SoSoValue. The cryptocurrency market faced heightened volatil…
