US Bitcoin exchange-traded funds (ETFs) experienced a significant turnaround, recording a $13.3 million inflow on March 12, after enduring a streak of $1.67 billion in outflows over the month. This influx coincides with Bitcoin nearing $85,000, despite ongoing macroeconomic and geopolitical uncertainties. Over the previous seven days, the ETF market had shown signs of distress fueled by global tensions and investor skepticism. The inflow represents a critical pause in this trend, indicating renewed interest among investors. On the same day, Bitcoin ETFs reached a total trading volume of $2.01 billion, notably the lowest since February 20. The recent inflows were driven by contributions from three major BTC funds, including BlackRock’s iShares Bitcoin Trust, the ARK 21Shares Bitcoin ETF, and the Grayscale Bitcoin Mini Trust ETF. Additionally, Ethereum ETFs also registered inflows, yet on limited occasions. Analysts correlate these outflows to broader market conditions, including potential European Union tariffs and concerns relating to governmental crypto policies, which could introduce more volatility in the crypto space.

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