Buying Guides

Bitcoin ETFs: Almost 3 months on, where do they stand?

  • Inflows for Bitcoin ETFs grew suggesting a rising interest showcased in BTC.
  • Revenues generated by miners remained positive before the upcoming halving.

Bitcoin[BTC] climbed past the $70,000 mark after staying stagnant at those levels for quite some time. However, recent interest in Bitcoin ETFs may help BTC see green yet again.

A tale of outflows and inflows

As per data from SoSoValue, the aggregate net inflows into Bitcoin spot ETFs stood at $179 million on 28th March.

Specifically, the Grayscale ETF GBTC witnessed an outflow of $104 million, whereas the BlackRock ETF IBIT experienced an inflow of $95.12 million and the Fidelity ETF FBTC saw an inflow of $68.09 million.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button