US Bitcoin ETFs End Outflow Streak With $744 Million Weekly Influx — Details
Portfolio Pulse from
US Bitcoin ETFs have ended a five-week streak of net outflows, recording a $744.35 million weekly net inflow. BlackRock's iShares Bitcoin Trust saw the highest daily inflow of $104.99 million, while Grayscale Bitcoin Trust experienced a $21.9 million daily net outflow. Despite the positive ETF performance, Bitcoin's price remains relatively stable around $84,000.
March 23, 2025 | 3:45 pm
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NEGATIVE IMPACT
Grayscale Bitcoin Trust (GBTC) recorded a $21.9 million daily net outflow, contrasting with the overall positive trend in Bitcoin ETF inflows.
Continued outflows from GBTC might indicate investor preference for newer or more competitive Bitcoin ETF products.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
BlackRock's iShares Bitcoin Trust (IBIT) saw a $104.99 million daily inflow, indicating growing institutional interest in Bitcoin ETFs.
Substantial daily inflow suggests increasing investor confidence in BlackRock's Bitcoin ETF, potentially driving future demand and price appreciation.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90