Key Takeaways
- U.S. spot Bitcoin ETFs hit over $1 billion in daily inflows for the first time on March 12th.
- BlackRock's iShares Bitcoin ETF (IBIT) contributed the most, with $849 million.
- Grayscale's GBTC share of the US Bitcoin ETF market fell below 50%.
The United States spot Bitcoin ETFs have set a new record, attracting over $1 billion USD in net inflows for the first time on March 12.
Leading contributors
BlackRock’s iShares Bitcoin ETF (IBIT) led the pack, with $849 million USD in net inflows. ARK 21Shares, VanEck, and Fidelity Advantage ETFs also contributed significant inflows.
The massive inflows have pushed the daily capital stored on the Bitcoin network to $2 billion, measured when looking at the realized price growth.
Grayscale’s decline
Grayscale’s GBTC now holds less than 50% of the total Bitcoin ETF assets under management.
