Net ETF inflows of $132 million on volatile day for Bitcoin as market prepare to gap down ETFs saw a net inflow of $132 million on a day of bitcoin price volatility as the market anticipated a decrease.
According to Bitmex Research, Bitcoin ETF inflows reached $3893 million on March 14th. The outcome is solid, but it signals a decrease from earlier in the week. BlackRock’s Bitcoin ETF attracted the largest amount of money compared to other providers, with inflows totaling $345.4 million. The Grayscale Bitcoin Trust (GBTC) saw a decrease in outflows of $257.1 million compared to the previous day, according to data from March 14 Bitcoin ETF flows M from Bitmex Research. 1,874 BTC was the total amount of BTC that was brought in for the day. BlackRock’s ETF accumulated 4886 BTC, Fidelity gained BTC, and GBTC lost 3,638 BTC. The inconsistent outcomes indicate that the remaining members of the Newborn Nine received less than 200 BTC (approximately $14 million) in inflows. Despite the absence of Grayscale, the Newborn Nine received a total of $389 million in inflows. This information was reported by Bitmex Research on March 14 regarding Bitcoin ETF flows.