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This week, the net inflow of funds into ten BTC spot ETFs reached 2.575 billion US dollars

This week, the net inflow of funds into ten BTC spot ETFs reached 2.575 billion US dollars

2024/03/16 11:42
BTC-0.10%
Chain analyst EmberCN stated in a post that, bolstered by strong capital inflows in the first three days of this week, the net inflow of funds into ten BTC spot ETFs this week reached $2.575 billion. This is the highest weekly net inflow of funds since the launch of BTC spot ETFs.
 
On 3/15, ten BTC spot ETFs had a net inflow of $198.88 million, corresponding to an estimated net inflow of about 2,887 BTC to the ETF custody address after the US stock market opens on Monday (3/18):
 
Outflow: Grayscale (GBTC) saw an outflow of approximately 2,025 BTC (corresponding to a fund outflow of $139.42 million on 3/15);
 
Inflows: The remaining nine ETFs saw an influx of about 4,912 BTC (corresponding to a fund influx of $338.3 million on 3/15). The main contributors were BlackRock(IBIT) and Fidelity(FBTC), which together brought in 4,291BTC ($295.45 million). Currently, these ten BTC spot ETFs collectively hold: 833806BTC ($57.41 billion).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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