Crypto:
30602
Bitcoin:
$59.989
% 2.62
BTC Dominance:
%53.3
% 0.02
Market Cap:
$2.17 T
% 1.84
Fear & Greed:
25 / 100
Bitcoin:
$ 59.989
BTC Dominance:
% 53.3
Market Cap:
$2.17 T

Bitcoin ETFs Surge: Inflows Top $12 Billion as GBTC Selling Slows

Bitcoin

Bitcoin exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth consecutive day of net inflows on March 28th. According to BitMEX data, the total net inflow reached $183.0 million, representing 2,587.9 BTC.

Grayscale Bitcoin Trust (GBTC) Sees Easing of Selling Pressure

While the Grayscale Bitcoin Trust (GBTC) experienced outflows of $104.9 million (1,482.8 BTC), this figure marks the smallest outflow since March 12th. This suggests a potential slowdown in selling pressure for GBTC. Despite these outflows, BitMEX data indicates that GBTC has seen a total of $14.7 billion in outflows (283,937 BTC) year-to-date.

Bitcoin Etf

Strong Inflow Days for Bitwise and VanEck ETFs

Other Bitcoin ETFs enjoyed significant inflows. Bitwise ETF (BITB) had a particularly strong day, attracting $67.1 million (949.3 BTC), its highest daily inflow since March 4th. Bitwise has now accumulated a total of $1.6 billion in inflows (31,749 BTC).

The VanEck ETF (HODL) also saw a surge in inflows, reaching $20 million (283 BTC), its best day since March 12th. HODL has now amassed a total of $439 million in inflows (7,125 BTC).

Overall Positive Trend for Bitcoin ETFs

BitMEX data reveals a total net inflow of $12.1 billion for Bitcoin ETFs, representing 212,852 BTC. This positive trend suggests growing investor appetite for Bitcoin exposure through regulated exchange-traded funds.

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