Bitcoin spot ETFs saw a return of inflows on March 12, with $13.33 million net positive, but analysts warn that a key resistance level could trigger a sharp price correction.
This inflow doesn’t paint the full picture. Ethereum spot ETFs continued to struggle, posting net outflows of $10.40 million for the sixth consecutive day. Since inception, the cumulative total net inflow across Bitcoin ETFs stands at an impressive $35.42 billion.
Digging into the numbers, ARK 21Shares Bitcoin ETF (ARKB) led the inflows with $82.60 million, while BlackRock’s iShares Bitcoin ETF (IBIT) experienced outflows of $47.05 million. Grayscale’s GBTC ETF also saw $11.81 million in outflows.
This mixed bag suggests strong, but cautious, institutional interest in Bitcoin.
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