Bitcoin ETFs see single $218M inflow to BlackRock’s IBIT
On Mar. 18, spot Bitcoin ETFs saw $209 million in inflows, marking a third consecutive trading day of positive flows.
The entirety of the inflows came from BlackRock’s IBIT, which saw $218.1 million in inflows. This large single-source contribution was offset by a $9 million outflow from ARK, while other ETFs saw no flows. Tuesday’s results show sustained institutional demand despite the significant outflows we’ve seen at the beginning of the month.
Earlier this week, on Mar. 17, total ETF inflows were even higher, exceeding $274 million. Data from Farside shows a three-day inflow pattern, following a net outflow of $135.2 million on Mar. 13. The market swing in the past three days shows a reversal in investor sentiment, indicating that at least a portion of the capital that left ETFs last week has been redeployed.
This shift is particularly interesting when considering how consolidated the buying appears to be—only one or two ETFs at a time accounted for the lion’s share of inflows. However, smaller outflows haven’t disrupted the overall positive net balance.
The post Bitcoin ETFs see single $218M inflow to BlackRock’s IBIT appeared first on CryptoSlate.
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