{"id":16372,"date":"2024-03-26T08:55:41","date_gmt":"2024-03-26T08:55:41","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=16372"},"modified":"2024-03-26T08:55:41","modified_gmt":"2024-03-26T08:55:41","slug":"bitcoin-etfs-see-15-4m-inflows-anticipate-quarter-end-boost","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-15-4m-inflows-anticipate-quarter-end-boost\/","title":{"rendered":"Bitcoin ETFs See $15.4M Inflows, Anticipate Quarter-End Boost"},"content":{"rendered":"

Bitcoin<\/a> spot ETFs saw an influx of over $15 million on Monday, breaking a streak of five consecutive days of outflows. Analysts speculate thatinflows may accelerate as the quarter nears its end.<\/p>\n

According to provisional data released by investment firm Farside, Nasdaq-listed spot Bitcoin<\/a> (BTC) exchange-traded funds (ETFs) recorded inflows totaling $15.4 million on Monday, putting an end to a recent string of outflows. Leading the inflows was Fidelity\u2019s FBTC, attracting $261.8 million, followed by BlackRock\u2019s IBIT with $35.5 million. Other funds such as BITB, BTCO, EZBC, and BRRR received between $11 million and $20 million each. However, Grayscale\u2019s ETF (GBTC) continued to experience outflows, losing slightly over $350 million.<\/p>\n

Last week, these ETFs collectively experienced outflows amounting to $887.6 million, largely due to significant withdrawals from GBTC.<\/p>\n

Introduced on January 11 in the U.S., nearly a dozen spot ETFs provide investors with exposure to the leading cryptocurrency without the complexities of owning and storing digital assets directly. Unlike futures-based ETFs launched in October 2021, spot ETFs invest directly in bitcoin and eliminate the need for position rollovers.<\/p>\n

Since the inception of spot ETF trading, bitcoin has surged by over 50% to reach $70,750. On Monday, prices increased by just over 4%, briefly surpassing the $71,000 threshold.<\/p>\n

Markus Thielen, founder of 10x Research, noted that quarter-end flows could surpass expectations, potentially driving the cryptocurrency’s price to new highs. He highlighted the sudden turnaround in Bitcoin ETF flows on Monday, particularly with Fidelity witnessing a significant influx of $262 million compared to previous sessions.<\/p>\n

Thielen emphasized the importance of spot ETF inflows and the issuance of dollar-pegged stablecoin tether (USDT) for Bitcoin to sustain its upward momentum. Tether, being the largest dollar-pegged stablecoin globally, plays a crucial role as a funding currency in both crypto spot and derivatives markets.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin spot ETFs saw an influx of over $15 million on Monday, breaking a streak of five consecutive days of outflows. Analysts speculate thatinflows may accelerate as the quarter nears its end. According to provisional data released by investment firm Farside, Nasdaq-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded inflows totaling $15.4 million on Monday,<\/p>\n","protected":false},"author":6,"featured_media":10988,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[534,3497,297],"class_list":["post-16372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-bitcoin-etf","tag-btc-etf","tag-etf"],"yoast_head":"\nBitcoin ETFs See $15.4M Inflows, Anticipate Quarter-End Boost - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Bitcoin spot ETFs saw an influx of over $15 million on Monday, breaking a streak of five consecutive days of outflows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-see-15-4m-inflows-anticipate-quarter-end-boost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs See $15.4M Inflows, Anticipate Quarter-End Boost - 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