TechFlow News, March 9: According to SoSoValue data, Bitcoin spot ETFs recorded net inflows of $568 million last week (U.S. Eastern Time, March 2–6).
Last week’s largest net inflow among Bitcoin spot ETFs was recorded by BlackRock’s ETF IBIT, with weekly net inflows of $660 million; IBIT’s cumulative net inflows to date stand at $62.47 billion. Second was Grayscale’s Bitcoin Mini Trust BTC, with weekly net inflows of $45.8851 million; BTC’s cumulative net inflows to date total $2.17 billion.
Last week’s largest net outflow among Bitcoin spot ETFs was recorded by Fidelity’s ETF FBTC, with weekly net outflows of $153 million; FBTC’s cumulative net inflows to date stand at $10.84 billion.
As of press time, the total net asset value (NAV) of Bitcoin spot ETFs stood at $87.07 billion, with the ETF NAV ratio (i.e., ETF NAV as a percentage of Bitcoin’s total market capitalization) reaching 6.39%; cumulative net inflows since inception have reached $55.37 billion.
