Bitcoin (BTC)-based exchange-traded funds (ETFs) recorded a significant inflow of $165 million following the Digital Asset Summit held in New York City on Thursday (March 20).
Notably, this marks the fourth consecutive day of positive inflows, signaling a resurgence in institutional investor interest after a prolonged period of outflows.
According to data from Coinglass, the majority of inflows came from iShares Bitcoin Trust (IBIT), BlackRock’s Bitcoin ETF, which added $172 million. Meanwhile, Fidelity Wise Origin Bitcoin Fund (FBTC) and VanEck Bitcoin ETF (HODL) saw inflows of $9.2 million and $11.9 million, respectively.
Conversely, some Bitcoin ETFs experienced capital outflows, including Bitwise Bitcoin ETF (BITB) with $17.4 million in withdrawals, Grayscale Bitcoin Trust ETF (GBTC) with $8 million, and Franklin Bitcoin ETF (EZBC) with $7.3 million.
