On March 18, spot Bitcoin ETFs experienced $209 million in inflows, marking the third consecutive trading day of positive inflows.
All of the inflows were attributed to BlackRock’s IBIT, which saw a significant contribution of $218.1 million. This major influx was somewhat counterbalanced by a $9 million outflow from ARK, with other ETFs remaining stable. The outcomes from Tuesday indicate ongoing institutional demand, despite the substantial outflows observed at the start of the month.
Earlier this week, on March 17, total ETF inflows reached even higher levels, surpassing $274 million. Data indicates a three-day inflow trend following a net outflow of $135.2 million on March 13. This recent shift suggests a turnaround in investor sentiment, indicating that a portion of the capital that exited ETFs last week has been reinvested.
This trend is particularly notable given the concentrated nature of the buying activity—only one or two ETFs at a time have been responsible for the majority of inflows. Nevertheless, smaller outflows have not significantly hindered the overall positive net flow.