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U.S. Spot Bitcoin ETFs Draw $167 Million in Net Inflows on March 23

According to SoSoValue, BlackRock’s IBIT led March 23 spot Bitcoin ETF inflows, while Fidelity’s FBTC added gains and Grayscale’s GBTC posted outflows as total net assets reached $91.709 billion.

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Summary

According to SoSoValue, U.S. spot Bitcoin ETFs recorded $167 million in net inflows on March 23. BlackRock’s IBIT led the day with $161 million in net inflows, while Fidelity’s FBTC added $41.7 million. Grayscale’s GBTC posted $25.9 million in net outflows. Total net assets across U.S. spot Bitcoin ETFs reached $91.709 billion, and cumulative net inflows rose to $56.398 billion.

Terms & Concepts
  • Spot Bitcoin ETF: An exchange-traded fund that holds Bitcoin directly, allowing investors to gain exposure to Bitcoin through traditional stock market infrastructure.
  • Net inflows: The net amount of capital entering a fund over a period after subtracting redemptions or withdrawals.
  • Net assets: The total value of a fund’s holdings minus liabilities, used as a measure of the fund’s overall size.