BitcoinMonthly Overview
In March 2024, net flows into spot crypto ETFs were positive, totaling +$4.6B. The flows were concentrated solely in Bitcoin (BTC), which reported significant inflows while other assets experienced no activity.
Weekly Breakdown
| Week | Net flow |
|---|---|
| Mar 1 | -$139.6M |
| Mar 4 – Mar 8 | +$2.2B |
| Mar 11 – Mar 15 | +$2.5B |
| Mar 18 – Mar 22 | -$887.6M |
| Mar 25 – Mar 28 | +$859.7M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$6.2B
- Fidelity (BTC): +$2.8B
- 21Shares (BTC): +$731.5M
- Bitwise (BTC): +$480.1M
- Valkyrie (BTC): +$315.4M
Largest outflows
Market Interpretation
Institutional positioning favored BTC, with BlackRock leading the inflows at +$6.2B, followed by Fidelity with +$2.8B. In contrast, Grayscale had the largest outflow, losing -$6.4B. The strongest day of inflows occurred on March 12, with +$1.0B, while March 19 saw the largest outflow of -$326.2M, indicating some volatility in investor sentiment.
Conclusion
March closed with a net figure of +$4.6B, reflecting a strong preference for Bitcoin amidst the crypto ETF landscape. The data suggests a significant institutional interest in BTC, despite fluctuations in outflows from other funds.
Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.