Spot Bitcoin ETFs Witness $418M in Net Inflows Led by Blackrock and Fidelity
US spot Bitcoin exchange-traded funds (ETFs) have experienced a resurgence of fresh capital, reversing a streak of consecutive net outflows over the past week.
According to data from Farside Investors , the ten approved spot Bitcoin ETFs saw a combined net inflow of $418 million on March 26, with BlackRock’s and Fidelity’s funds leading the way.
Fidelity’s fund recorded its largest daily inflow since March 13, attracting $279.1 million on March 26.
The investment giant added an additional 4,000 BTC to its holdings, marking the second consecutive day of inflows exceeding $260 million.
Similarly, BlackRock’s fund saw inflows of $162.2 million, although its daily inflows remained lower compared to earlier in the month when they averaged over $300 million per day.
The Ark 21Shares Bitcoin ETF fund had its best day since March 12, with $73.6 million in inflows.
Invesco Galaxy, Franklin Templeton, and Valkyrie also observed more than $26 million worth of inflows across their respective funds.
In contrast, Grayscale’s Bitcoin Trust (GBTC) continued to experience outflows, recording a daily outflow of $212 million.
However, the net inflows from its competitors outweighed GBTC’s outflows.
Since transforming into an ETF on January 11, Grayscale has witnessed a significant outflow of 277,393 BTC, valued at approximately $19.5 billion at current prices.
In a recent post on X, Bloomberg senior ETF analyst Eric Balchunas highlighted the presence of Bitcoin ETFs in a chart of the largest 30 asset funds in their first 50 days of trading.
Four Bitcoin ETFs, including BlackRock’s IBIT and Fidelity’s FBTC, made the list, with Balchunas noting that they were “in a league of their own.”
He further pointed out that even
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