BlackRock’s (IBIT) iShares exchange-traded fund (ETF) hit its highest single-day inflow of $788 million on March 5th, and the all-time high of $612.1 million on February 28th. exceeded.
The Bitcoin ecosystem has reached two landmark milestones: Bitcoin (BTC)’s new all-time high of $69,324 and the inflow of spot BTC ETF investments in the United States. data A study by investment management firm Pharcyde showed that there were total inflows of $648.3 million on the day Bitcoin reached its ATH.
Of the 10 approved ETFs, only two recorded net outflows on March 5: Grayscale Bitcoin Trust (GBTC) and Invesco Galaxy Bitcoin ETF (BTCO), each with It was worth $332.5 million and $14.2 million.
The day’s net inflows were primarily driven by IBIT, including Fidelity Wise Origin Bitcoin Fund ($125.6 million), Bitwise Bitcoin ETF ($3.7 million), and ARK 21Shares Bitcoin ETF. ($63.7 million), Franklin Bitcoin ETF ($3.6 million), and VanEck Bitcoin. Trust ETF ($3.5 million) and WisdomTree Bitcoin ETF ($6.6 million).
Meanwhile, Valkyrie Bitcoin ETF recorded inflows of $0. Even after accounting for consistent GBTC outflows, the Bitcoin ETF ecosystem has recorded total inflows of $8.5 billion to date, with the cumulative total now at $9.6 billion.
Historical data confirms that IBIT and Franklin Bitcoin ETF (FBTC) not only have the highest inflows into the ecosystem, but also report no net outflows. IBIT and FBTC have contributed $9.16 billion as of March 5, for a total of $5.3 billion.
In contrast, Grayscale’s GBTC Bitcoin holdings have decreased by 33% from 620,000 BTC at the time the GBTC fund was converted to an ETF to approximately 420,680 BTC at the time of writing.
Related: SEC withdraws BlackRock and Fidelity Spot Ethereum ETF proposal
Buoyed by heavy investment and a continued bull market, U.S. spot BTC ETF trading volume hit $10 billion.
“These are banana numbers for the following ETFs. [two months] That’s what Bloomberg ETF analyst Eric Balciunas said in a March 5 X article reporting the numbers.
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