Bitcoin ETFs have been dominating the market with significant inflows and trading volumes. Spot Bitcoin ETFs experienced an 80% drop in net inflows on March 14, but JPMorgan reported the largest weekly inflows since launch. MicroStrategy traded more volume than Amazon, and Bitcoin spot ETFs have done $65 billion in volume this month. BlackRock's IBIT and GLD gold ETF have seen cumulative flows since mid-January. Bitcoin ETFs excluding GBTC have the highest year-to-date inflow of $23.6 billion, while gold has seen outflows of $5 billion.
Spot Bitcoin ETFs in the US now hold nearly $30B, marking the most successful launch in ETF history. With +30K BTC netflows last week, a sell-side liquidity crisis looms says @ki_young_ju of @cryptoquant_com. Read more on this in the Hodler's Digest: https://t.co/3hXrHDfPsg https://t.co/8FCKLfKRCj
The $BTC ETF flows are insane 🤧 March 15: +198m March 14: +132m March 13: +683m March 12: +1.0b 🔥 March 11: + 505m March 8: +223m March 7: +472m March 6: +332m March 5: +648m March 4: +562m not a single outflow day in sight lately
TEN31 TIMESTAMP 834,943 Bitcoin ETFs continued to take on huge volumes and set another net inflows record of nearly $2.6 billion. Bitcoin closed the week roughly flat after pushing to almost $74,000, but is still hovering right around the prior cycle’s all-time high. https://t.co/kUKSpRiUPa