Bitcoin ETFs Continued Their Positive Momentum

The show of strength from bitcoin ETFs continued into the new week with an $84.17 million fund inflow on Monday, March 24. This marked the 7th straight day of inflows for bitcoin ETFs.

Bitcoin ETFs warmed up to a seventh day of net inflows, now adding $84 million on March 24. Meanwhile, Ether ETFs ended a 12-day streak of outflows, now posting no activity for the day.

Bitcoin ETFs Look to Reclaim $100 Billion in Net Assets

The show of strength from bitcoin ETFs continued into the new week with a $84.17 million fund inflow on Monday, March 24. This marked the 7th straight day of inflows for bitcoin ETFs.

Among the 12 funds tracked, Fidelity’s (FBTC) saw the largest addition with $82.85 million. Bitwise’s (BITB) and Blackrock’s (IBIT) also contributed significantly, with $19.23 million and $18.07 million in inflows, respectively.

Vaneck’s (HODL) contributed $5 million to the day’s inflows. However, Ark 21shares’ (ARKB) saw a withdrawal of $40.97 million, which slightly offset the gains but didn’t derail the overall positive trend.

Around $1.97 billion in trading volume passed through the 5 bitcoin ETFs, while the remaining 7 remained neutral, with no recorded inflows or outflows.

In a shift from the recent pattern, ether ETFs saw zero net flows, bringing their 12-day streak of outflows to a halt. This stabilization signaled a potential pause in the recent trend of capital exits from ether ETFs.

By the time the markets closed, the 12 bitcoin ETFs were on track to reclaim the significant $100 billion milestone in net assets, with a collective sum of $99.31 billion. This figure represents about 5.7% of bitcoin’s total market capitalization.