Recently approved Bitcoin ETFs in the US saw a massive increase in money coming in. On March 12, they received over $1 billion in total. This information comes from BitMEX Research.
This milestone highlights the significant investor interest and demand for these new investment products.
Leading the way was BlackRock’s IBIT product, which crossed the 200,000 mark earlier this week and saw a record $849 million inflow on March 12. In terms of Bitcoin, this translates to a record 14,706 BTC inflow.
Since their inception on January 11, 2024, total net Bitcoin ETF inflows have reached an impressive $4.1 billion. As of yesterday, spot Bitcoin ETFs now hold upward of 90% of the daily trading volume market share for ETFs offering Bitcoin exposure, an all-time high, while Bitcoin futures ETFs claim just 10% of the market share.
The significant inflows into these Bitcoin ETFs highlight the growing mainstream adoption of cryptocurrency investments and the increasing acceptance of Bitcoin as a legitimate asset class among institutional and retail investors alike.
Also Read: BlackRock IBIT Hits $14.7B Milestone in Bitcoin ETF
