Spot Bitcoin exchange-traded funds (ETFs) saw net inflows yesterday after five consecutive days of outflows.
Net inflows into Spot Bitcoin ETFs on Monday totaled $15.7 million, according to . data From Soso Value.
This follows consecutive single-day outflows of up to $326.2 million on March 19, according to data from The Block.
According to SoSo Value, Fidelity’s FBTC recorded the highest single-day net inflow of approximately $261 million. Meanwhile, BlackRock’s IBIT received approximately $35.5 million in inflows. Meanwhile, Grayscale’s GBTC experienced net outflows of $350 million in one day.
The enthusiasm for Spot Bitcoin ETFs has eased somewhat in recent days compared to the full-blown frenzy when the product first hit the market.
The Spot Bitcoin ETF’s assets under management (excluding GBTC) have plateaued in the past two weeks and remain at approximately $30.62 billion.
Spot Bitcoin ETF volume has also steadily declined from a peak of nearly $10 billion in early March. Trading volume of $3.1 billion was recorded on Friday.
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