Net inflows into spot Bitcoin ETFs fell to $199 million

On March 15, 2024, net daily inflows into spot Bitcoin ETFs continued to decline and fell to $199 million, according to the SoSo Value platform. In three days, the figure fell by more than $800 million, dropping to the mentioned mark from a record level of $1.05 billion.

According to available information, the crypto fund of Fidelity Investments took first place in terms of capital inflow. He added more than $155 million to his balance sheet, and his funds under management reached $6.87 billion.

The second position remained with the spot Bitcoin ETF from BlackRock. The inflow into this fund amounted to $139.8 million. The iShares Bitcoin Trust (IBIT) has $12.5 billion under management.

Third place went to an investment product from Bitwise Asset Management with $20.5 million. The remaining cryptocurrency ETFs received a total of $22.3 million.

The spot Bitcoin ETF of the financial giant Grayscale Investments traditionally stands out against the general background. The company's converted fund once again experienced outflows. This time the figure was $139.4 million. In total, $11.8 billion have been withdrawn from Grayscale Bitcoin Trust (GBTC) since the launch of the product.

Bloomberg analyst Eric Balchunas sees no reason to worry amid the reduction in financial injections in recent days. He notes that spot Bitcoin ETFs ended last week with a record net inflow of $2.5 billion.

Earlier, the expert said that all crypto funds demonstrate stability and a “healthy balance sheet.”