_bitcoin-etfs-on-nasdaq-record-3615-4m-inflows-breaking-five-day-outflow-trend.jpg "Bitcoin ETFs on Nasdaq Record $15.4M Inflows, Breaking Five-Day Outflow Trend from spot experess Video Screenshot Preview")
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✓ Published: 27-Mar-2024
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✓ Published: 27-Mar-2024
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The Nasdaq-listed bitcoin spot ETFs saw inflows totaling $15.4 million on Monday, ending a five-day streak of outflows. Fidelity's FBTC led with inflows of $261.8 million, while BlackRock's IBIT added $35.5 million. Other funds received between $11 to 20 million each. Grayscale's GBTC trust continued bleeding money, losing over $350 million last week. Quarter-end flows for the ETFs could be stronger than usual, potentially lifting bitcoin prices to new highs. Spot ETF inflows and issuance of the stablecoin tether need to increase for Bitcoin to chart an aggressive new rally.
The Nasdaq-listed bitcoin spot ETFs saw inflows totaling $15.4 million on Monday, ending a five-day streak of outflows. Fidelity's FBTC led with inflows of $261.8 million, while BlackRock's IBIT added $35.5 million. Other funds received between $11 to 20 million each. Grayscale's GBTC trust continued bleeding money, losing over $350 million last week. Quarter-end flows for the ETFs could be stronger than usual, potentially lifting bitcoin prices to new highs. Spot ETF inflows and issuance of the stablecoin tether need to increase for Bitcoin to chart an aggressive new rally.
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