{"id":16562,"date":"2024-03-28T09:30:13","date_gmt":"2024-03-28T09:30:13","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=16562"},"modified":"2024-03-28T08:29:55","modified_gmt":"2024-03-28T08:29:55","slug":"fidelity-and-blackrock-etfs-drive-record-bitcoin-inflows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/fidelity-and-blackrock-etfs-drive-record-bitcoin-inflows\/","title":{"rendered":"Fidelity and BlackRock ETFs Drive Record Bitcoin Inflows"},"content":{"rendered":"

Bitcoin Exchange-Traded Funds (ETFs) experienced their biggest day of inflows yet in 2024, with a combined total of $418.0 million entering the market on March 26th, according to data from BitMEX. This surge surpasses the previous high set on March 13th.<\/p>\n

Fidelity’s FBTC Leads the Charge<\/strong><\/p>\n

Fidelity Digital Assets’ FBTC ETF<\/a> spearheaded the inflow, attracting a massive $279.1 million in net inflows. This translates to approximately 3,997.2 BTC and extends FBTC’s impressive streak of consecutive inflow days. Notably, FBTC’s total net inflows now stand at a staggering $7.4925 billion, representing a significant accumulation of 140,883 BTC.<\/p>\n

\"\"
\nBlackRock’s IBIT Sees Strong Performance<\/strong><\/p>\n

BlackRock’s iShares Bitcoin Exposure ETF (IBIT) also contributed significantly, experiencing a solid inflow of $162.2 million, equivalent to 2,322.4 BTC. This marks IBIT’s best performance since March 21st and brings its total net inflows to $13.539 billion, corresponding to 246,085 BTC.<\/p>\n

Outflows for GBTC<\/strong><\/p>\n

In contrast, Grayscale’s Bitcoin Investment Trust (GBTC) faced outflows totaling $212.3 million, or roughly 3,040.9 BTC. This brings GBTC’s cumulative net outflow to $14.3629 billion and a net loss of 278,100 BTC.<\/p>\n

Bitcoin ETF Sector Shows Continued Growth<\/strong><\/p>\n

Despite the outflows from GBTC, the Bitcoin ETF sector overall continues to exhibit robust growth. Excluding GBTC, total net inflows for Bitcoin ETFs in 2024 have reached a substantial $11.7028 billion, representing a significant accumulation of 206,659 BTC.<\/p>\n

\n

In the comment section, you can freely share your comments about the topic. Additionally, don\u2019 t forget to follow us on\u00a0Telegram<\/strong>,\u00a0<\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin Exchange-Traded Funds (ETFs) experienced their biggest day of inflows yet in 2024, with a combined total of $418.0 million entering the market on March 26th, according to data from BitMEX. This surge surpasses the previous high set on March 13th. Fidelity’s FBTC Leads the Charge Fidelity Digital Assets’ FBTC ETF spearheaded the inflow, attracting<\/p>\n","protected":false},"author":1,"featured_media":16564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[534,535,3289],"class_list":["post-16562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin-etf","tag-blackrock","tag-fidelity"],"yoast_head":"\nFidelity and BlackRock ETFs Drive Record Bitcoin Inflows - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Fidelity and BlackRock ETFs fueled the largest single-day inflow for Bitcoin ETFs, surpassing the previous record set in March.\" \/>\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\/fidelity-and-blackrock-etfs-drive-record-bitcoin-inflows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fidelity and BlackRock ETFs Drive Record Bitcoin Inflows - 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