Bitcoin ETFs See Record $1B Inflows as BTC Price Remains at All-Time Highs
Bitcoin (BTC) exchange-traded funds (ETFs) experienced a staggering $1.05 billion in net inflows on March 12, according to data from SoSoValue .
The milestone sets a new record for the highest single-day net inflow since the inception of Bitcoin spot ETF trading, representing an impressive 56% increase compared to the net inflow of $673 million recorded on February 28.
The surge in net inflows into Bitcoin ETFs aligns with the ongoing surge in the price of Bitcoin, which has been scaling new heights recently.
As of now, the world’s leading cryptocurrency is trading at $73,517.03, around all-time highs.
According to data from CoinMarketCap, Bitcoin registered an ATH of $73,637 earlier today.
According to SoSoValue data, on March 12, the total net inflow into Bitcoin spot ETFs reached $1.05 billion, setting a new record for the highest single-day net inflow since the first trading day of the ETF, representing an increase of approximately 56% compared to the net inflow… pic.twitter.com/om83JbhG0r
— Wu Blockchain (@WuBlockchain) March 13, 2024
As Bitcoin continues to exhibit strong performance, investors are increasingly seeking exposure to the digital asset through regulated investment vehicles like ETFs.
Bitcoin ETFs offer investors an opportunity to gain indirect exposure to Bitcoin without having to directly hold or manage the underlying asset.
These investment products track the price of Bitcoin and allow investors to trade its shares on traditional stock exchanges.
This accessibility and convenience have propelled the popularity of Bitcoin ETFs, attracting significant capital inflows.
The record-breaking net inflows into Bitcoin ETFs highlight the growing demand for regulated investment vehicles in the
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