Key Takeaways
- Spot Bitcoin ETFs saw seven straight days of net inflows totaling $860.6 million.
- Fidelity's FBTC led Monday with $82.85 million in inflows; BlackRock's IBIT added $18 million.
- Analysts link inflows to improving macro conditions and easing regulatory concerns.
Spot Bitcoin exchange-traded funds in the U.S. are seeing renewed investor interest, notching their seventh consecutive day of net inflows on Monday, March 24 — the longest inflow streak since January 24.
Inflow data
According to data from SoSoValue, Monday’s inflows totaled $84.17 million.
Fidelity’s FBTC led the day with $82.85 million, followed by Bitwise’s BITB at $19.23 million.
BlackRock’s IBIT — the largest by net assets — added $18 million, while VanEck’s HODL brought in $5 million.
However, outflows from Ark and 21Shares’ ARKB, totaling $41 million, partially offset the gains.
Cumulative inflows
The seven-day net inflow streak brought in a total of $860.6 million, pushing the cumulative net inflow for all spot Bitcoin ETFs to $36.13 billion.
Analyst insights
Rachael Lucas, a crypto analyst at BTC Markets, said:
This suggests a shift in sentiment, with institutions backing Bitcoin in a way we haven’t seen recently.
Lucas pointed to improving macroeconomic conditions, a shift by the Federal Reserve from tightening to easing, and recent political and regulatory signals — including Donald Trump’s call for rate cuts and a legal win for XRP — as drivers behind the recent momentum.
Bitcoin price movement
Bitcoin briefly crossed $88,000 on Monday before settling around $86,590.
Caution on trends
Despite the optimism, Lucas cautioned against declaring a long-term trend:
Seven days isn’t enough to call it a trend… it’s more like a spark.
Ether ETFs performance
Meanwhile, spot Ether ETFs reported zero inflows Monday and had just exited a 13-day outflow streak totaling over $400 million.
