Bit currency spot ETF had a net inflow of $274 million on 3/18, the largest single-day capital inflow since 2/4, which the market sees as a sign of restored confidence, especially after more than $5.4 billion was cumulatively outflowed in the past five weeks.
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ToggleFive Major Bit ETFs Attract Capital, Fidelity Stands Out with $127 Million
Data shows that Bit ETFs have suffered strong selling pressure in the past five weeks, with a cumulative outflow of $5.4 billion. However, the five Bit ETFs saw capital inflows on 3/18, and there was no net outflow from any ETF. Among them, a few Bit ETFs performed quite impressively:
- Fidelity's FBTC: Attracted $127 million in capital.
- ARK Invest and 21Shares' collaboration ARKB: Attracted $88.5 million.
- BlackRock's IBIT: Attracted $42.26 million.
- Grayscale's Mini Bit Trust Fund (MBT) and Bitwise's BITB also saw capital inflows, showing positive capital flows.
Institutional Capital Replenishment, Demand for Low-Fee ETFs Heats Up
Analysts believe that this shift reflects a recovery in market confidence, particularly as Bit prices stabilize and institutional investor interest warms up. The key factors behind this ETF capital inflow are:
- Quarterly portfolio rebalancing by institutional investors.
- Rising demand for low-fee ETFs.
Bit Price Stabilizes, But Uncertainties Remain in the Aftermath
On Monday, Bit (BTC) prices generally held around the $83K level, more stable compared to the $78K to $94K range seen in early March, and market sentiment is gradually stabilizing. However, analysts also warn:
- Market volatility may persist.
- Institutional capital is expected to enter the market as the quarter-end approaches.
- If prices weaken again, it may trigger a new round of capital outflows.
Currently, the cumulative net inflow of Bit ETFs has reached $35.58 billion, and the total trading volume on Monday reached about $1.87 billion, with the market continuing to pay close attention.
Risk Warning
Investing in cryptocurrencies carries a high degree of risk, and their prices may fluctuate dramatically, potentially resulting in the loss of your entire principal. Please carefully evaluate the risks.
