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Investor interest in spot cryptocurrency ETFs traded in the US continues to grow. According to market data, spot Bitcoin ETFs recorded a net inflow of $115 million on March 11th, marking the third consecutive day of net capital inflow into these assets.
According to statistics shared by the data platform SoSoValue, the largest net inflow of the day was seen in the iShares Bitcoin Trust fund offered by BlackRock. IBIT attracted approximately $115 million in net investment in a single day. It was noted that the fund’s total net inflow since its launch has reached $62.8 billion.
The second highest net inflow of the day was recorded by the Fidelity Wise Origin Bitcoin Fund (FBTC), managed by Fidelity Investments. FBTC saw a net capital inflow of approximately $15.4 million on the same day, bringing its historical total net inflow to $10.9 billion.
On the other hand, the highest net outflow of the day was seen in the Grayscale Bitcoin Trust fund offered by Grayscale Investments. Approximately $16 million in net outflows occurred from GBTC. The fund’s total net outflow to date is reported to be $25.9 billion.
According to the data, the total net asset value of Bitcoin spot ETFs has reached $90.9 billion. This figure indicates that ETFs represent approximately 6.43% of the total Bitcoin market capitalization. Furthermore, the historical total net inflow into all Bitcoin spot ETFs has risen to $55.9 billion.
On the same day, spot Ethereum ETFs also performed strongly. A total net inflow of $57 million was recorded in these products, while none of the nine funds traded on the market experienced net outflows. The total asset value of Ethereum spot ETFs reached $11.85 billion.
*This is not investment advice.
coindesk.com