The ARK 21Shares Bitcoin ETF saw a massive $201.8 million in inflows, almost a four-fold increase from its daily average of $43.9 million.) exchange-traded fund managed to notch a record $201.8 million of inflows on Wednesday, almost quintupling its average daily inflows as Bitcoin just fell short of reaching $72,000.from Farside Investors revealed that on March 27, the ARK 21Shares Bitcoin ETF's daily inflow was a four-fold increase from its daily average of $43.
Both the WisdomTree Bitcoin ETF and Fidelity Investments Bitcoin ETF reported $1.5 million in inflows — all single-digit inflows. However, BlackRock data has yet to come in at the time of writing. It comes as Bitcoin hit $71,670 before falling below the $69,000 support level before closing the day at $69,698. At the time of publication, Bitcoin’s current price is $69,464, as per CoinMarketCap
Crypto commentators, meanwhile, have begun to argue that investors are too fixated on Bitcoin’s short-term price fluctuations rather than considering the broader perspective.on X, crypto researcher Gumshoe informed his 28,900 followers that investors are opting for a micro perspective, focusing on daily price closures rather than considering the actual influx of funds into Bitcoin.
“The truth is, most professional investors still cannot buy bitcoin ETFs. That will change through a series of 100+ individual due diligence processes over the next two years,” he stated.GBTC outflows meet ‘incredible demand’ ― 5 things to know in Bitcoin this week
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