Last night (3/7), the Huidu family experienced continued outflows, while several others saw significant inflows. Among them, ten BTC spot ETFs collectively welcomed a substantial net inflow of $472.54M.
Notable Highlights:
Valkyrie (BRRR) Shines:
Valkyrie (BRRR) remained in the spotlight with a remarkable capital influx of $41.83M. This positive trend positions it for a potential climb in the ranks, closing in on second-tier competitors like ARKB by Mujie and BITB by Bitwise.
BTC Spot ETFs Net Inflow:
On 3/7, ten BTC spot ETFs reported a net inflow of $472.54M. This translates to an estimated net inflow of around 6,973 BTC to the ETF custody address after the U.S. stock market opens on 3/8.
Specifics of Inflows and Outflows:
Outflow: Grayscale (GBTC) experienced an outflow of approximately 5,532 BTC, corresponding to a capital outflow of $374.80M on 3/7.
Inflow: The remaining nine ETFs collectively witnessed an inflow of around 12,505 BTC, equivalent to an inflow of $847.34M on 3/7. Notably, BlackRock (IBIT) and Fidelity (FBTC) led the pack, accumulating a combined inflow of 10,591 BTC ($717.59M).
Current Holdings:
As of now, the ten BTC spot ETFs collectively hold a total of 792,691 BTC, valued at approximately $53.7B.
🚀 Crypto ETFs are evolving with dynamic capital movements, making it crucial to stay informed. As always, these insights are for informational purposes only, and individuals should conduct thorough research before making any investment decisions. Crypto markets are subject to volatility, and past performance is not indicative of future results. Invest wisely! 💡🌐
