Bitcoin ETFs experience positive inflows for four days

Data from March 25 to March 28 shows a resurgence, with positive inflows amounting to $859.7 million

U.S. spot bitcoin ETFs have enjoyed a streak of positive inflows for four successive days, according to the latest figures. This rise in interest comes after a previous week that witnessed five consecutive days of outflows, totalling $887.6 million.

From March 18 to March 22, 2024, these exchange traded funds experienced a notable drop with net outflows reaching nearly $887.6 million. Nonetheless, the tide has turned in the past four days, with inflows almost neutralizing the earlier losses. Data from March 25 to March 28 shows a resurgence, with positive inflows amounting to $859.7 million.

On March 28, FBTC, BITB, ARKB, and IBIT led the resurgence in U.S. spot bitcoin exchange traded fund inflows. Excluding Grayscale’s GBTC, these exchange traded funds are also among the top holders of bitcoin (BTC) reserves. Without considering Grayscale, Blackrock’s IBIT holds the most substantial BTC reserves, with 252,011.41 BTC valued at around $17.77 billion as of Sunday.

Fidelity’s FBTC follows as the second-biggest with 143,742.55 BTC, valued at $10.13 billion on March 31. Ark Invest’s ARKB possesses 44,277 BTC worth $3.12 billion, while Bitwise’s BITB ETF has 31,680.15 BTC, valued at $2.23 billion. Grayscale’s Bitcoin Trust (GBTC) currently secures 335,153.86 BTC, estimated at $23.6 billion on Sunday.

In the 24 hours leading up to the close of trading on March 28, GBTC’s holdings dropped from 342,607.61 BTC, suggesting a divestiture of 7,453.75 BTC worth $525 million during that period. GBTC has observed negative outflows in every trading session, with BTCO also experiencing a 24-hour negative outflow on March 20.