💰 Bitcoin ETFs: A Tale of Inflows and Outflows 💸
In the ever-evolving world of cryptocurrency investments, Bitcoin ETFs are making waves! 🌊 According to PANews, recent data from SoSoValue unveils some intriguing trends:
📈 On March 15, Bitcoin spot ETFs witnessed a whopping $198 million net inflow, signaling growing investor interest in this space. 🚀 Meanwhile, Grayscale ETF GBTC saw a notable net outflow of $139 million on the same day.
🔝 Fidelity ETF FBTC emerged as the star performer, boasting a single-day net inflow of approximately $155 million! 🌟 Its total historical net inflow has now soared to an impressive $6.87 billion. Close on its heels is BlackRock ETF IBIT, with a hefty single-day net inflow of $139 million, pushing its total historical net inflow to $12.51 billion. 🏦
💼 As of now, the total net asset value of Bitcoin spot ETFs stands tall at $58 billion, with the ETF net asset ratio hitting 4.35% (market value as a percentage of Bitcoin's total market value). 💼 The historical cumulative net inflow has also crossed a significant milestone, reaching $12.15 billion.
🔍 These numbers underscore the evolving landscape of Bitcoin investments, reflecting both investor confidence and market dynamics. 💼 Whether it's inflows or outflows, the Bitcoin ETF saga continues to captivate investors worldwide! 🌎
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