Over $1.67 billion exited US spot Bitcoin and Ether exchange-traded funds (ETFs) in March, but investors stopped the bleeding by bringing in $13.3 million on March 12 as the BTC market price inched closer to $85,000.
As of March 12, spot Bitcoin ETFs had attracted $35.4 million worth of inflows spread across two days, according to Farside Investors data. On the other hand, spot Ether ETFs recorded inflows on just one occasion, bringing in $14.6 million on March 4.
Spot Bitcoin ETF daily flow data. Source: Farside Investors
Bitcoin ETFs break outflow streak with $13.3 million inflow
According to Sosovalue, the cumulative net inflows of BTC ETFs confirmed the recent $13.3 million inflow on March 12, signaling a pause in Bitcoin’s ETF outflows.
The total value of the trades that day for Bitcoin ETFs amounted to $2.01 billion, its lowest daily value since Feb.