US Bitcoin (BTC) Exchange-Traded Funds (ETFs) Mark 10 Consecutive Days of Net Inflows

This was primarily due to Fidelity's FBTC ETF and BlackRock's IBIT ETF, which led the inflows with $97.14 million and $3.97 million, respectively.

US-based spot Bitcoin (BTC) exchange-traded funds (ETFs) saw a tenth straight day of net inflows on Monday, with an additional $89 million recorded on March 27.

This was largely driven by Fidelity’s FBTC ETF and BlackRock’s IBIT ETF, which led the inflows with $97.14 million and $3.97 million, respectively.

These gains helped offset modest outflows from other funds, such as Invesco’s BTCO (-$6.95M) and WisdomTree’s BTCW (-$5.09M), indicating continued investor appetite for Bitcoin exposure through these regulated products.

Billions Flow In: Bitcoin ETFs Show Strong Year-Over-Year Growth

The US spot Bitcoin ETFs have been experiencing a remarkable surge in inflows recently, not just these 10 days. For instance, between mid-January and early February, US-listed spot Bitcoin ETFs attracted approximately $4.4 billion in net inflows.

This is a rather sizable increase compared to the $1.6 billion recorded during the same period last year, representing a 175% year-over-year growth.

Since their inception in January 2024, these ETFs have amassed over $40.6 billion in total net inflows.

Who Is Driving the Bitcoin ETF Demand?

Interestingly enough, while institutional interest has been notable, retail investors have played the most prominent role in this trend.

Last year’s reports indicate that retail participants hold approximately 80% of the total assets in spot Bitcoin ETFs, highlighting their significant role in the market’s upward momentum.

Can ETF Inflows Influence Bitcoin Price?

In the past, substantial capital inflows into Bitcoin ETFs have contributed to Bitcoin’s price movements. For example, in October 2024, spot Bitcoin ETFs in the US witnessed over $556 million in single-day inflows, which coincided with Bitcoin’s price reaching $67,800.

This represents the cryptocurrency’s highest price point in over three months at the time.

The latest development could align with recent market trends, as Bitcoin approaches a key resistance level at $89,000, with analysts predicting a potential breakout to new all-time highs.

Bitcoin ETFs Outpace Gold: Bullish Sentiment Persists?

If we compare them to gold ETFs, we’ll see that Bitcoin ETFs surpassed those gains too. Since their launch, Bitcoin ETFs have accumulated over $20 billion in net inflows.

This is in contrast to gold ETFs which had $1.4 billion during the same timeframe.

All of this, combined with the 10-day streak of net inflows, points to a bullish sentiment among investors and the growing integration of cryptocurrencies into mainstream financial markets.

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.