Daily Inflows into Bitcoin ETFs Reach $1 Billion

Bitcoin ETFs in the United States reached a new record on March 12 as they received over $1 billion in net inflows for the first time.

This brings the total daily inflow over the past 13 days to an impressive $11.1 billion.

The largest contribution to this growth came from BlackRock’s iShares Bitcoin ETF, with $849 million in daily inflows. Other Bitcoin ETFs, such as ARK’s 21Shares, VanEck’s HOLD, and Fidelity’s FBTC, also saw significant inflows of $93 million, $82.9 million, and $51.6 million respectively.

These inflows have not only boosted the performance of Bitcoin ETFs, but have also led to the daily inflow of capital into the Bitcoin network reaching $2 billion per day, another major milestone for the ecosystem.

Bitcoin’s market price has recently broken above $73,000.