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Bitcoin ETFs See Strongest Weekly Inflows Amid Renewed Investor Confidence

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    Posted by Two Blokes Mar 23 - Filed in General - #TwoBlokesTrading  - 4 views

    Bitcoin ETFs have experienced a significant reversal in investor sentiment, with nearly $1 billion in inflows this week. After a period of mass withdrawals, investors are once again pouring funds into Bitcoin ETFs, according to a report from Spotonchain on X.

    Bitcoin ETF Inflows Near $1 Billion

    • As of March 21, total inflows into spot Bitcoin ETFs reached $785.6 million for the week.

    • BlackRock’s IBIT led the pack, attracting 6,342.47 BTC worth $535.58 million.

    • On Friday, March 21, IBIT absorbed 1,250 BTC ($105.55 million), while Grayscale’s GBTC saw outflows of 260.15 BTC.

    • Including outflows, the net total ETF flows stood at $744.3 million for the week.

    According to CoinGlass data, IBIT was the only ETF with positive inflows on March 21, with a cumulative inflow of 987.12 BTC.

    Bitcoin ETF Inflows by Provider (March 20)

    • BlackRock (IBIT): +1,980 BTC

    • Fidelity (FBTC): +105.98 BTC

    • VanEck (HODL): +137.08 BTC

    BlackRock’s IBIT consistently led in attracting the highest investment amounts throughout the week.

    Ethereum ETFs Struggle with Heavy Outflows

    While Bitcoin ETFs gained strong investor interest, Ethereum ETFs faced a different reality:

    • Total Ethereum ETF outflows: -$102.9 million

    • Cumulative outflows recorded: -$389.2 million

    This stark contrast suggests Bitcoin remains the preferred crypto asset for institutional investors amid current market conditions.

    Massive Bitcoin Transfers Spotted

    Blockchain tracking service Whale Alert reported a significant 2,999 BTC ($252.5 million) transaction in the last few hours.

    Large Bitcoin movements often signal whale accumulation, institutional activity, or preparations for major transactions, which could impact market liquidity and price trends.

    Tracking Market Trends

    For real-time monitoring of Bitcoin ETF flows and market sentiment, investors can use:

    Conclusion

    Bitcoin ETFs are witnessing a renewed wave of investor interest, with BlackRock’s IBIT leading inflows. In contrast, Ethereum ETFs continue to struggle with significant outflows. Meanwhile, large Bitcoin transactions hint at potential institutional moves, making it essential to keep a close watch on ETF flows and whale activity for future price movements.