The U.S. Spot Bitcoin ETF market remains a hotspot for investors, accumulating a staggering around 175,000 BTC since its launch despite Grayscale’s heavy outflow. Notably, the Bitcoin ETFs also continued their robust momentum this week, while Fidelity FBTC recorded its highest inflow on March 7 since its launch. However, the latest data also suggests that the BlackRock influx has cooled this week, sparking curiosity among investors.
U.S. Bitcoin ETF Accumulates 175K BTC
Since the inception of the U.S. Spot Bitcoin ETF, investor interest has skyrocketed, with total inflows reaching $9.36 billion, equivalent to 174,881.2 BTC. On March 7 alone, these ETFs accumulated 7,018.2 BTC, underscoring the growing demand for Bitcoin investment instruments.
Meanwhile, Fidelity’s FBTC led the pack, which attracted a whopping $473.4 million inflow or 7,030.2 BTC, followed by BlackRock’s $244.2 million influx or 3,627.3 BTC on March 7. However, while Fidelity’s inflow surged, BlackRock’s IBIT
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