Fidelity ’s Bitcoin ETF Sets New Record with $473 Million Inflow

Bitcoin ETFs witness substantial net inflows totaling $9.4 billion, indicating growing investor confidence.

According to data from BitMEX, Bitcoin exchange-traded funds (ETFs) saw a significant inflow of around $473 million, equivalent to approximately 7,000 BTC on March 7. Fidelity ’s FBTC emerged as the top performer, experiencing a record-breaking inflow of $473 million, marking its highest single-day inflow to date. This surge propelled its total net inflows to over $6 billion and expanded its Bitcoin holdings to approximately 120,000 BTC.

BlackRock’s IBIT has consistently recorded strong inflows, with a recent inflow of $244 million, bringing its total net inflow to $9.7 billion and increasing its Bitcoin holdings to around 191,000. Mid-tier ETFs like Bitwise’s BITB and Ark’s ARKB also saw inflows of $41 million and $42 million, respectively. ARKB’s total net inflows reached $1.8 billion, while BITB slightly trailed at $1.3 billion.

BitMEX data reveals that Grayscale’s GBTC continued to experience outflows, contrary to the notion of diminishing outflows. It recorded $375 million in outflows, bringing its total net outflows to a significant $10.3 billion, resulting in approximately 218,000 BTC leaving the ETF since its launch.

Despite the outflows from GBTC, the combined net inflow into Bitcoin ETFs remains strong at $9.4 billion, equivalent to an impressive 174,881 BTC, as per BitMEX’s data.

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