Crypto Blog
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.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin hits $73K as BTC spot ETFs edge closer to overtaking Gold ETFs in AUMBitcoin (BTC) price has progressively forged north for the past several weeks, breaking past key barriers and inspiring bullish optimism among community members.
Read more »
Bitcoin Spot ETFs Near $60 Billion in Net Assets Amid Heavy TradingSurge of inflows into Bitcoin spot ETFs showcases massive institutional interest in Bitcoin
Read more »
Gensler says SEC's approval of spot bitcoin ETFs in January was 'cabined'SEC Chair Gary Gensler said the agency is merit-neutral following the agency's approval of spot bitcoin ETFs, in an interview with CNBC.
Read more »
South Korea’s ruling party considers allowing spot bitcoin ETFs in election pledges: reportThe People Power Party may pledge to eliminate the ban on spot bitcoin ETFs, institutional investment in crypto and IEOs.
Read more »
South Korea’s opposition party vows to endorse spot bitcoin ETFs: reportNow both the ruling and opposition political parties of South Korea are promising to allow spot bitcoin ETFs ahead of the upcoming election.
Read more »
Spot Bitcoin ETFs Outlook in 2024; Can NFTs Make a Comeback?James Butterfill, head of research at CoinShares, joins 'First Mover' to discuss his outlook on bitcoin price and spot bitcoin ETF inflows in the rest of the year. Plus, insights on different use cases of NFTs (non-fungible token) and whether they can make a comeback in 2024.
Read more »