Bitcoin Investments Heat Up: Spot Bitcoin ETFs Record Record Inflows

Bittime - Bitcoin Spot ETF is seeing a surge in popularity, with record net inflows coinciding with a Bitcoin price rally.

Market analysts are noticing increased institutional interest in Bitcoin, fueled by the recent launch of the Spot Bitcoin ETF .

Record-Breaking for Bitcoin Spot ETFs

The Spot Bitcoin ETF had a monumental day, recording an astonishing $1.05 billion in net inflows . This surpassed the previous record of $673 million set on February 28, indicating a 56% increase in investor interest.

This record inflow interestingly coincided with Bitcoin price hitting an all-time high above $73,000.

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Blackrock Leads the Race

Blackrock's iShares Bitcoin Trust (IBIT) emerged as the frontrunner, attracting record inflows of $849 million. This significant investment from a major financial institution highlights the growing trust institutions have in the cryptocurrency market.

Data shows a massive inflow of 14,706 BTC into the Bitcoin Spot ETF in a single day, signaling a marked increase in the adoption of Bitcoin as a valuable digital asset. Since its launch in January 2024, total net inflows for the Bitcoin Spot ETF have reached an impressive $4.1 billion .

Other Important Players in the ETF Arena

Besides Blackrock, other important players in the Bitcoin Spot ETF space include:

• ARK 21Shares Bitcoin ETF (ARKB) : Inflows of $93 million
• Fidelity's FBTC Spot Bitcoin ETF (FTBC) : Inflows of $51.6 million
• Bitwise Bitcoin ETF (BITB) : Inflows of $24.6 million

Valkyrie's 'BRRR' and WisdomTree Bitcoin Fund (BTCW) also saw inflows of $39.6 million and $3 million respectively.

VanEck 's HODL ETF saw inflows of $82.9 million. This spike is likely due to VanEck's strategic decision to temporarily waive management fees for their Spot Bitcoin ETF until March 2025 (or until the fund reaches $1.5 billion in assets).

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Grayscale Bitcoin Trust (GBTC) Outflows Decline

While Bitcoin Spot ETFs are booming, Grayscale Bitcoin Trust ( GBTC ) is witnessing a shift in investor sentiment. Outflows from GBTC decreased significantly on March 12, reaching only $79 million. This marks a sharp contrast to the larger outflows observed in previous weeks.

In response to the growing popularity of the Spot Bitcoin ETF, Grayscale filed an S-1 form with the SEC to introduce a scaled-down version called the Grayscale Bitcoin Mini Trust. This move, coupled with potential tax benefits, aims to maintain competitiveness and address investor outflow.

Overall, record inflows into the Spot Bitcoin ETF highlight the growing institutional interest in Bitcoin. With Bitcoin prices continuing to soar, it will be interesting to see how this trend develops and shapes the future of the cryptocurrency market.

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How to Buy Bitcoin (BTC) on Bittime

You can buy and sell Bitcoin (BTC) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Bitcoin (BTC) is available on Bittime with the market pair BTC/IDR . To be able to buy BTC IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Bitcoin (BTC) on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.