{"id":16844,"date":"2024-03-29T19:29:44","date_gmt":"2024-03-29T19:29:44","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=16844"},"modified":"2024-03-29T19:29:44","modified_gmt":"2024-03-29T19:29:44","slug":"bitcoin-etfs-surge-inflows-top-12-billion-as-gbtc-selling-slows","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-etfs-surge-inflows-top-12-billion-as-gbtc-selling-slows\/","title":{"rendered":"Bitcoin ETFs Surge: Inflows Top $12 Billion as GBTC Selling Slows"},"content":{"rendered":"<p>Bitcoin exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth consecutive day of net inflows on March 28th. According to BitMEX data, the total net inflow reached $183.0 million, representing 2,587.9 BTC.<\/p>\n<p><strong>Grayscale Bitcoin Trust (GBTC) Sees Easing of Selling Pressure<\/strong><\/p>\n<p>While the Grayscale Bitcoin Trust (<a href=\"https:\/\/coinengineer.net\/blog\/bitcoin-investment-products-suffer-outflows-gbtc-woes-offset-new-etf-inflows\/\">GBTC<\/a>) experienced outflows of $104.9 million (1,482.8 BTC), this figure marks the smallest outflow since March 12th. This suggests a potential slowdown in selling pressure for GBTC. Despite these outflows, BitMEX data indicates that GBTC has seen a total of $14.7 billion in outflows (283,937 BTC) year-to-date.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-16845\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bitcoin-ETF.jpeg\" alt=\"\" width=\"1398\" height=\"1771\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bitcoin-ETF.jpeg 1398w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bitcoin-ETF-237x300.jpeg 237w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bitcoin-ETF-808x1024.jpeg 808w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bitcoin-ETF-768x973.jpeg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/03\/Bitcoin-ETF-1212x1536.jpeg 1212w\" sizes=\"auto, (max-width: 1398px) 100vw, 1398px\" \/><\/p>\n<p><strong>Strong Inflow Days for Bitwise and VanEck ETFs<\/strong><\/p>\n<p>Other Bitcoin ETFs enjoyed significant inflows. Bitwise ETF (BITB) had a particularly strong day, attracting $67.1 million (949.3 BTC), its highest daily inflow since March 4th. Bitwise has now accumulated a total of $1.6 billion in inflows (31,749 BTC).<\/p>\n<p>The VanEck ETF (HODL) also saw a surge in inflows, reaching $20 million (283 BTC), its best day since March 12th. HODL has now amassed a total of $439 million in inflows (7,125 BTC).<\/p>\n<p><strong>Overall Positive Trend for Bitcoin ETFs<\/strong><\/p>\n<p>BitMEX data reveals a total net inflow of $12.1 billion for Bitcoin ETFs, representing 212,852 BTC. This positive trend suggests growing investor appetite for Bitcoin exposure through regulated exchange-traded funds.<\/p>\n<p><em>You can freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>\u00a0 ,<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin exchange-traded funds (ETFs) continue to attract investor interest, recording their fourth consecutive day of net inflows on March 28th. According to BitMEX data, the total net inflow reached $183.0 million, representing 2,587.9 BTC. Grayscale Bitcoin Trust (GBTC) Sees Easing of Selling Pressure While the Grayscale Bitcoin Trust (GBTC) experienced outflows of $104.9 million (1,482.8<\/p>\n","protected":false},"author":1,"featured_media":14535,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[534,2624,2093,3759],"class_list":["post-16844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin-etf","tag-bitmex","tag-gbtc","tag-grayscale-bitcoin-trust"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin ETFs Surge: Inflows Top $12 Billion as GBTC Selling Slows - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Bitcoin ETFs continue to attract investor interest, recording their fourth consecutive day of net inflows on March 28th.\" \/>\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-surge-inflows-top-12-billion-as-gbtc-selling-slows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETFs Surge: Inflows Top $12 Billion as GBTC Selling Slows - 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