- U.S. spot Bitcoin ETFs saw $84.17M net inflows on Monday, marking a seven-day streak.
- Total inflows reached $860.6M, with cumulative net inflows now at $36.13B.
Spot Bitcoin exchange-traded funds (ETFs) recorded a seven-day inflow streak, signaling a potential shift in market sentiment. On Monday, U.S. spot Bitcoin ETFs saw net inflows of $84.17 million, extending their positive momentum. This marks the longest streak of consecutive inflows since January 24.
Bitcoin ETF Inflows Continue
According to SoSoValue data, Fidelity’s FBTC led Monday’s inflows with $82.85 million. Bitwise’s BITB followed with $19.23 million, while BlackRock’s IBIT saw $18 million. VanEck’s HODL recorded a $5 million inflow. However, outflows from Ark and 21Shares’ ARKB, totaling $41 million, offset part of the gains.
Over the past seven days, total net inflows reached $860.6 million. Cumulative net inflows across all spot Bitcoin ETFs now stand at $36.13 billion. Analysts see this as a strong indicator of improving market conditions.
Daily ETF Flows Reflect Momentum
Spot Bitcoin ETF flows remained positive on March 21 and March 24. IBIT led inflows on March 21, attracting $105 million. BTCW, however, recorded an outflow of $21.9 million. Other ETFs, including FBTC, BITB, and ARKB, showed no significant changes. The net inflow for the day stood at $83.1 million.
On March 24, FBTC led again with an $82.9 million inflow. BITB and IBIT followed with $19.2 million and $18.1 million, respectively. ARKB saw a $41 million outflow, reducing the overall net inflow to $84.2 million.
Brickken analyst Enmanuel Cardozo said the market is “warming up.” He noted that global liquidity has climbed roughly 8% this year, creating favorable conditions for Bitcoin. The cryptocurrency’s maturing role in portfolios is also contributing to ETF inflows.
While Bitcoin ETFs gained momentum, spot Ether ETFs remained stagnant. They saw zero net inflows on Monday after enduring a 13-day outflow streak, which led to $400 million in withdrawals.
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