After a week of strong outflows, the nine spot Bitcoin ETFs combined have once again recorded net positive inflows as of Monday, March 25. Interestingly, Fidelity FBTC Bitcoin ETF managed to outpace BlackRock’s IBIT in terms of the total inflows.
Bitcoin ETF Net Inflows Are Back
On Monday, Fidelity emerged as the clear winner with its FBTC recording $261 million worth of inflows. On the other hand, BlackRock’s IBIT received a smiled response with $35 million in inflows.
On the other hand, outflows from the Grayscale Bitcoin ETF GBTC have remained strong standing at $350 million on Monday. However, some market analysts have been expecting that these GBTC outflows would slow down eventually.
According to Bloomberg strategist James Seyffart, the recent outflows were likely linked to bankruptcy, predominantly stemming from sales by Gemini and Genesis. Seyffart anticipates this trend to decelerate over the next approximately week. Notably, between Gemini and Genesis, they held approxima
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