US Bitcoin ETFs break outflow streak with $13.3M inflow
Bitcoin ETFs saw $1.33 billion of outflows in March, then broke a seven-day outflow streak as BTC nears $85,000 despite macroeconomic concerns and geopolitical uncertainties.
Over $1.67 billion exited US spot Bitcoin and Ether exchange-traded funds (ETFs) in March, but investors stopped the bleeding by bringing in $13.3 million on March 12 as the BTC market price inched closer to $85,000.
As of March 12, spot Bitcoin ETFs had attracted $35.4 million worth of inflows spread across two days, according to Farside Investors data. On the other hand, spot Ether ETFs recorded inflows on just one occasion, bringing in $14.6 million on March 4.
Spot Bitcoin ETF daily flow data. Source: Farside Investors