---
title: "Bitcoin ETFs hit $1B in daily inflow"
url: https://diffcoin.com/bitcoin-etfs-hit-1b-in-daily-inflow/
description: "The United States spot Bitcoin (BTC) exchange-traded funds (ETFs) achieved a new milestone after attracting more than $1 billion in net inflows for the…"
published: 2024-03-13
updated: 2024-03-13
author: "Mila"
site: "Diffcoin"
---

# Bitcoin ETFs hit $1B in daily inflow

The United States spot Bitcoin (BTC) exchange-traded funds (ETFs) achieved a new milestone after attracting more than $1 billion in net inflows for the first time on March 12.

Investments into spot Bitcoin ETFs continue to soar as daily inflows breached $11.1 billion over the last 13 days. On March 12, Bitcoin ETFs saw its biggest ever daily inflow of $1.045 billion, chiefly contributed to by BlackRock’s iShares Bitcoin ETF (IBIT).

*Bitcoin spot ETF cumulative flows (in million dollars). Source: farside.co.uk*

IBIT accounted for $849 million of inflow, while others, such as ARK 21Shares Bitcoin ETF (ARK), VanEck Bitcoin Trust ETF (HOLD) and Fidelity Advantage Bitcoin ETF (FBTC) recorded a comparatively lower contribution of $93 million, $82.9 million and $51.6 million respectively.

*Spot Bitcoin ETF daily inflows and outflows. Source: farside.co.uk*

As a direct result of the massive inflows into the Bitcoin ETFs and a supporting bull run, the daily inflows of capital being stored by the Bitcoin network just hit $2 billion per day, marking yet another milestone for the ecosystem.

*Daily inflow of capital stored on Bitcoin network exceeds $2 billion. Source: [Willy Woo on X](https://twitter.com/woonomic/status/1767696568143245451).*

In addition, the market price of Bitcoin reached a new high of $73,000 at the time of writing.

Out of the approved Bitcoin ETFs in the U.S., Franklin Bitcoin ETF (EZBC) recorded the lowest inflows at $148 million to date, while IBIT holds the lion’s share at $11.4 billion. On the other end of the spectrum, the Grayscale Bitcoin Trust (GBTC) brings down the net inflow on a daily basis. In total, GBTC shed $11.1 billion over the last 13 days.

***Related:*** ***Bitcoin surges after crypto ETPs notch record $2.7B weekly inflows***

Grayscale’s GBTC fell below 50% market share for the first time since spot Bitcoin ETFs began trading in the United States on Jan. 11.

*Grayscale’s GBTC fund accounts for less than 50% of the total Bitcoin ETF AUM. Source: Hildobby on Dune Analytics*

On the first trading day of the 10 U.S. spot Bitcoin ETFs, Grayscale’s fund accounted for around 99.5% of their total AUM. However, consistent daily outflows from the GBTC — which averaged $329 million per day last week — have eaten away at the ETF’s market share over time.

***Magazine:*** ***Is measuring blockchain transactions per second (TPS) stupid in 2024? Big Questions***

[Source link](https://cointelegraph.com/news/bitcoin-etfs-record-1-b-daily-inflow)