US Bitcoin spot ETFs experienced a positive week in late March 2024, attracting approximately $200 million in net inflows after market recovery from earlier withdrawals.
According to data, Bitcoin ETFs had a weekly aggregate netflow of $196.7 million. Blackrock's IBIT led inflows with $171.95 million, followed by Fidelity's FBTC at $86.84 million, and VanEck's HODL with $5 million. Ark Invest's ARKB experienced $40.97 million in net outflows, while Invesco's BTCO, WisdomTree's BTCW, and Bitwise's BITB had redemptions between $6.95 million and $10.22 million.
Q1 concluded with $5.25 billion in net inflows in January, followed by $4.25 billion in net liquidations across February and March. The resurgence of positive inflows in late March indicates renewed market interest.
Bitcoin was trading around $71,333.65 on March 31, 2024, up 16.6% for the month.