BlackRock's IBIT needs a net inflow of more than $212 million yesterday to maintain the overall net inflow
According to data from Farside Investors, the fund inflow data for BlackRock's IBIT has not yet been announced. However, with the release of Valkyrie's BRRR data (net inflow of $9.4 million), the net outflow of the current US Bitcoin spot ETF has reached $212 million. The net inflow into BlackRock's IBIT yesterday needs to exceed $212 million to maintain an overall net inflow. As previously reported, BlackRock iShares Bitcoin Trust (IBIT) had a trading volume of 993 million shares on March 14th, with a turnover exceeding $3.9 billion, surpassing the trading volume record of $3.7 billion set less than 10 days ago on March 5th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data released this week show that the size of the US Strategic Petroleum Reserve is only about 13 million barrels less than its original scale when the reserve system was established. The US Department of Energy's recent call for companies to participate in crude oil exchange programs is part of the action following the March agreement among IEA member countries to release a total of 400 million barrels from their reserves this year. At that time, the US pledged to release 172 million barrels from its strategic reserves, but there has been limited participation from companies in the exchanges since then. Analysts believe that recent supply disruptions caused by hurricanes and other factors may prompt the US government to make further use of its reserves.
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