More than $1.67 billion has been withdrawn from US spot def Bitcoin and Ether ETFs in March.
However, on March 12, investors stemmed the flow of outflows by contributing $13.3 million as Bitcoin's market price approached $85,000.
As of March 12, spot Bitcoin ETFs had received $35.4 million in inflows in two days, according to data from Farside Investors. Meanwhile, spot Ether ETFs only received inflows once, with $14.6 million on March 4.
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According to SoSoValue, the recent $13.3 million inflow into BTC ETFs on March 12 marked a lull in Bitcoin ETF outflows. The total value traded for Bitcoin ETFs that day was $2.01 billion, the lowest since Feb. 20.
Inflows came from three BTC funds: BlackRock’s iShares Bitcoin Trust (IBIT), the ARK 21Shares Bitcoin ETF (ARKB) and the Grayscale Bitcoin Mini Trust ETF (BTC).