Spot Bitcoin ETFs Experience Record $1.05 Billion Daily Inflow as BTC Soared Past $73K

Spot Bitcoin ETFs saw a remarkable surge in net inflow on March 12, totaling $1.05 billion. This marks a new high for daily net inflow since the ETFs’ inception, demonstrating a massive 56% rise from the $673 million net inflow recorded on February 28.Notably, Blackrock led the charge with its iShares Bitcoin Trust’s record-breaking $849 million inflow, signaling continued institutional confidence in the crypto market.

Translating this data into Bitcoin terms, a staggering 14,706 BTC flowed into ETFs on that single day, further highlighting the growing adoption of the digital asset. This influx propelled the total net inflow since January 11, 2024, to an impressive $4.1 billion, underscoring Bitcoin’s appeal as an investment asset.All data in. Record day with over $1 billion of net inflow.

Valkyrie ‘BRRR’ saw $39.6 million while the WisdomTree Bitcoin Fund settled with $3 million during the same period.The fee, previously set at 0.2%, will be waived until March 31, 2025, unless the fund accumulates $1.5 billion in assets before that deadline. This move aims to boost the fund’s appeal, especially considering its assets lag behind those of its rivals.The Grayscale Bitcoin Trust has seen a significant change in investor sentiment, as evidenced by a decrease in outflows on March 12.

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