SoSoValue data showed that 12 Bitcoin exchange-traded funds recorded net inflows of $744.35 million during the week from March 17 to 21, indicating a return of investors to injecting money into digital assets after a period of decline. Inflows were positive throughout the week, starting at $274.59 million on Monday, rising to $209.12 million on Tuesday, then recording $11.8 million on Wednesday, before jumping again to $165.75 million on Thursday, and concluding the week at $83.09 million on Friday.
The iShares Bitcoin Trust (IBIT) from BlackRock was the biggest beneficiary, attracting $537.5 million in inflows, followed by the Fidelity Wise Origin Bitcoin Trust (FBTC), which attracted $136.5 million.
Other funds such as ARKB from ARK 21Shares, the Grayscale Micro Bitcoin Trust, and HODL from VanEck also saw positive inflows of $79.5 million, $23.9 million, and $11.9 million, respectively.
However, despite this increase in inflows, some funds are still recording outflows, with BITB (Bitwise), BTCO (Invesco), EZBC (Franklin Templeton), and GBTC (Grayscale) collectively suffering losses of $45 million during the week.
