Spot Bitcoin ETFs See Record $1 Billion Inflows In a Day

Recently approved Bitcoin ETFs in the US saw a massive increase in money coming in. On March 12, they received over $1 billion in total. This information comes from BitMEX Research.

[1/4] Bitcoin ETF Flow – 12 March 2024

All data in. Record day with over $1 billion of net inflow. Blackrock with a record $849 million of inflow pic.twitter.com/dKFmM3Qvaa
— BitMEX Research (@BitMEXResearch) March 13, 2024

This milestone highlights the significant investor interest and demand for these new investment products.

Leading the way was BlackRock’s IBIT product, which crossed the 200,000 mark earlier this week and saw a record $849 million inflow on March 12. In terms of Bitcoin, this translates to a record 14,706 BTC inflow.

Since their inception on January 11, 2024, total net Bitcoin ETF inflows have reached an impressive $4.1 billion. As of yesterday, spot Bitcoin ETFs now hold upward of 90% of the daily trading volume market share for ETFs offering Bitcoin exposure, an all-time high, while Bitcoin futures ETFs claim just 10% of the market share.

The significant inflows into these Bitcoin ETFs highlight the growing mainstream adoption of cryptocurrency investments and the increasing acceptance of Bitcoin as a legitimate asset class among institutional and retail investors alike.

Also Read: BlackRock IBIT Hits $14.7B Milestone in Bitcoin ETF

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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