The latest milestone brings the cumulative total net inflow of all US Spot Bitcoin ETFs to $11.14 billion.
US spot Bitcoin exchange-traded funds (ETFs) have set a new record for single-day net inflow since they started trading on January 11.
According to SoSoValue data, the net inflows of all spot Bitcoin ETFs reached $1.05 billion on Tuesday, March 12. This marks a 56% increase from the previous record of $673 million set on February 28.
$11.14B Cumulative Inflow
With the latest record, these products have now amassed a staggering cumulative total net inflow of $11.14 billion.
The data showed that BlackRock’s iShares Bitcoin Trust (IBIT) maintains its leads amongst its peers. That day, IBIT received $848 million in inflows, surpassing other ETFs with a considerable gap. With this figure, IBIT took 80.76% of the total daily inflow.
The second product with most inflow on March 12 is ARK 21Shares Bitcoin ETF (ARKB) with $92 million followed by VanEck Bitcoin Trust (HODL) with $82 million and Fidelity Wise Origin Bitcoin Fund (FBTC) with $51 million.
Trailing FBTC is Valkyrie Bitcoin Fund (BRRR) with $39 million, followed by Bitwise Bitcoin ETF (BITB) with $24 million and WisdomTree Bitcoin Fund (BTCW) with $3 million.
However, two other products, Grayscale, Bitcoin Trust (GBTC) and Invesco Galaxy Bitcoin ETF (BTCO), saw daily net outflows of $78 million and $19 million, respectively.
ETF Shares Value Soars
Meanwhile, these inflows have rubbed off on the collective value of the overall ETF shares. According to SoSoValue, the total net asset value (NAV) of all these products increased from $58.36 billion on March 11 to $58.77 billion on March 12.
The continuous inflows have also positively impacted the price of bitcoin, which has been steadily rising since the products launched. BTC has set multiple all-time highs (ATHs) this month, with the most recent record at $73,200.
