Spot Bitcoin ETF Flows See Slower Activity But Strong Momentum in IBIT
On March 25, IBIT experienced $42 million in inflows, partially offset by $10.1 million in outflows from Bitwises BITB and $5.1 million from Grayscales GBTC, resulting in a net $26.8 million for the day. However, March 26 saw a more significant surge, with IBIT adding $107.9 million and BITB experiencing $18.3 million in outflows, resulting in a net $89.6 million inflow for the day.
Slower but Positive Momentum
Looking at the prior week (March 1824), activity was more volatile, with single-day totals like March 18s $209.1 million and March 20s $165.7 million showing strong institutional engagement. However, quieter sessions like March 19 saw much smaller inflows, such as $11.8 million. As of March 25, the inflows have become more concentrated around IBIT, with other major funds seeing little to no participation.
Limited Participation from Other Funds
Several Bitcoin ETFs that were previously active, such as Fidelitys FBTC, Arks ARKB, and Invescos BTCO, have shown no flows since March 24. Even Grayscales GBTC saw no movement, leaving IBIT to dominate recent capital inflows. This suggests that investors may be either sitting on the sidelines or rotating into specific funds, primarily IBIT, which continues to capture the majority of new inflows.
The post Spot Bitcoin ETF Flows See Slower Activity But Strong Momentum in IBIT appeared first on Coindoo.
Read more: https://coindoo.com/spot-bitcoin-etf-flows-see-slower-activity-but-strong-momentum-in-ibit/
Text source: Coindoo
