- Bitcoin ETFs see 4th day of inflows totaling $1.83B, indicating growing institutional demand
- GBTC outflows slowing down to $1.049B, smallest outflow since March 12th
- Total ETF inflows reach $12.1256B, slowing GBTC outflows signal market equilibrium
Bitcoin exchange-traded funds (ETFs) saw another influx of capital on March 28th, marking the fourth consecutive day of inflows according to BitMEX data. The total net inflow reached $1.83 billion equivalent to 25,879 BTC. This highlights a growing appetite for Bitcoin exposure through regulated investment vehicles.
ETF Inflow Breakdown
The Grayscale Bitcoin Trust (GBTC) saw outflows of $1.049 billion, equivalent to 14,828 BTC. However, this was GBTC’s smallest daily outflow since March 12th, indicating slowing selling pressure. In total, GBTC has seen $14.767 billion in outflows, equivalent to 2,839,372 BTC.
The Bitwise BITB ETF marked its strongest day of inflows since March 4th, attracting $671 million equivalent to 9,493 BTC. Bitwise has accumulated a total of $1.6164 billion in inflows, equivalent to 31,749 BTC.
The VanEck ETF HODL saw inflows of $20 million, equivalent to 283 BTC, marking its strongest day since March 12th. In total, HODL has amassed $439 million in inflows, equivalent to 7,125 BTC.
Total ETF Activity
Across all Bitcoin ETFs, BitMEX data shows a total net inflow of $12.1256 billion, equivalent to 212,852 BTC. This indicates sustained and growing institutional demand for regulated Bitcoin investment products.
Slowing GBTC Outflows
The slowing pace of GBTC outflows is an encouraging sign for the Bitcoin ETF market. GBTC has faced heavy selling pressure as investors rotated into cheaper ETF products like BITB. However, outflows appear to be stabilizing, which could indicate market equilibrium is being reached.
Conclusion
In summary, Bitcoin ETF products continue to see strong inflows, now totaling over $12 billion. Slowing GBTC outflows add to the bullish case for Bitcoin ETF demand. With major products like BlackRock’s ETF now live, it’s clear institutional appetite for regulated crypto exposure is expanding rapidly.
