US spot bitcoin ETFs see third consecutive day of net inflows
Grayscale’s GBTC recorded $66.88 million in net outflows, while funds from BlackRock, Ark Invest and Bitwise recorded net inflows, according to SosoValue data.
Spot bitcoin exchange-traded funds in the U.S. recorded a third consecutive day of net inflows on Tuesday, bringing in $31.64 million, according to SosoValue data. The positive streak for the bitcoin funds follows five days of outflow leading up to bitcoin’s halving event .
Grayscale’s GBTC recorded $66.88 million worth of net outflow on Tuesday, while BlackRock’s spot bitcoin ETF brought in $37.92 million in net inflows, the largest daily net inflow of the day among these spot bitcoin ETFs, SoSoValue data showed. Ark Invest's fund brought in $33.28 million, and Bitwise's logged $23.23 million in net inflows,
Since their January debut, U.S. spot bitcoin ETFs have accumulated a total net inflow of $12.42 billion as of Tuesday, with total net assets of $55.82 billion.
Grayscale’s ETF has seen $16.83 billion move out of the fund since conversion, while its net outflows have decreased compared to those in previous weeks. The week of March 18 saw over $2 billion leave GBTC.
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Meanwhile, BlackRock’s IBIT, which recorded 70 consecutive days of net inflows as of Tuesday, has a current cumulative net inflow of $15.48 billion.
The price of bitcoin rose 0.16% in the past 24 hours to $66,675, according to The Block's Price Page .
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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