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$68,367.00 1.07504
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$3,748.82 -0.85137
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$595.47 -0.04497
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$166.79 -1.53292
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$0.5195270 -0.85789
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$0.0000258 -7.67567
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$0.0000144 -3.40447
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$0.0000337 -9.01995
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Bitcoin
Bitcoin (BTC)
$68,367.00 1.07504
Bitcoin price
Ethereum
Ethereum (ETH)
$3,748.82 -0.85137
Ethereum price
BNB
BNB (BNB)
$595.47 -0.04497
BNB price
Solana
Solana (SOL)
$166.79 -1.53292
Solana price
XRP
XRP (XRP)
$0.5195270 -0.85789
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000258 -7.67567
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.40447
Pepe price
Bonk
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$0.0000337 -9.01995
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Bitcoin
Bitcoin (BTC)
$68,367.00 1.07504
Bitcoin price
Ethereum
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$3,748.82 -0.85137
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BNB
BNB (BNB)
$595.47 -0.04497
BNB price
Solana
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$166.79 -1.53292
Solana price
XRP
XRP (XRP)
$0.5195270 -0.85789
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000258 -7.67567
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.40447
Pepe price
Bonk
Bonk (BONK)
$0.0000337 -9.01995
Bonk price
Bitcoin
Bitcoin (BTC)
$68,367.00 1.07504
Bitcoin price
Ethereum
Ethereum (ETH)
$3,748.82 -0.85137
Ethereum price
BNB
BNB (BNB)
$595.47 -0.04497
BNB price
Solana
Solana (SOL)
$166.79 -1.53292
Solana price
XRP
XRP (XRP)
$0.5195270 -0.85789
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000258 -7.67567
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000144 -3.40447
Pepe price
Bonk
Bonk (BONK)
$0.0000337 -9.01995
Bonk price
SirWin
SirWin
SirWin

Spot Bitcoin ETFs start the week strong, attracting $562 million in inflows

spot-bitcoin-etfs-start-the-week-strong-attracting-562-million-in-inflows
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News
Spot Bitcoin ETFs start the week strong, attracting $562 million in inflows

Spot Bitcoin ETFs began the week on a strong note, attracting over $562 million in inflows on Monday amid the impressive Bitcoin (BTC) market run that has seen the asset surge 21% over the past week.

BitMEX Research disclosed this in its latest update on capital flows into the Bitcoin ETF market. Data confirms that the entire market saw an influx of 8,377 BTC tokens valued at $562.7 million on March 4 despite the Grayscale Bitcoin Trust (GBTC) sustaining its trend of capital outflows.

Notably, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the charge, with IBIT witnessing a 6,224 BTC inflow worth $420 million and FBTC trailing with an impressive influx of 5,994 Bitcoin valued at $404.6 million.

According to BitMEX Research, while larger products performed impressively well, less popular options like Invesco and Galaxy Digital’s BTCO, VanEck’s HODL and WisdomTree’s BTCW recorded outflows. Nonetheless, GBTC saw the largest outflow, amounting to 5,451 BTC worth $368 million.

The recent cumulative inflow follows a $192 million negative flow recorded last Friday, majorly triggered by GBTC’s substantial $492 million outflow. In the aftermath of the latest $562 million inflows, total cumulative flows to these spot Bitcoin ETFs have surged to $7.915 billion since Jan. 11.

The market has continued to hit unprecedented levels in capital flows and trade volume. Interestingly, these products witnessed two consecutive record highs in 24-hour volumes on Feb. 25 and 26, with the latest figure sitting at $7.64 billion, reported by crypto.news last week.

Amid the success, BlackRock has made plans to expand its offering, recently partnering with the B3 stock exchange in Brazil to make its IBIT accessible to Brazilian investors. Moreover, a filing with the U.S. SEC confirmed BlackRock’s plans to purchase more spot Bitcoin ETFs.

Meanwhile, BTC has continued to record massive gains over the past two weeks, with an increase in demand buoyed by spot Bitcoin ETFs and investor speculation. The asset recaptured $68,000 today but faced a rejection that has dropped it to a current price of $66,724.