Fresh capital is flowing back into US spot bitcoin ETFs after a five-day period of consecutive net outflows.
According to data from Farside Investors, ten recently approved spot Bitcoin ETFs, buoyed by strong inflows into Blackrock and Fidelity funds, saw total net inflows of $418 million on March 26.
The Fidelity fund generated its largest daily inflow since March 13, reaching $279.1 million on March 26 - when the investment giant raised an additional 4,000 BTC. This was the second consecutive day that the fund recorded inflows in excess of $260 million.
In addition, $162.2 million flowed into the BlackRock fund. However, its daily inflows remain low compared to inflows earlier this month, which averaged more than $300 million per day.
The Ark 21Shares Bitcoin ETF had its best day since March 12, recording inflows of $73.6 million, while Invesco Galaxy, Franklin Templeton and Valkyrie saw inflows of more than $26 million into their funds.
Meanwhile, Grayscale's Bitcoin Trust (GBTC) fund continued to weaken, recording a daily outflow of $212 million, but this was not enough to surpass the net inflows of its competitors.
Since the trust was converted into an ETF on January 11, Grayscale has lost as much as 277,393 BTC worth about $19.5 billion at current prices.
In a March 26 post to X, Bloomberg senior ETF analyst Eric Balchunas noted the presence of Bitcoin ETFs on the chart of the 30 largest asset funds in the first 50 days of trading.
Four Bitcoin ETFs made the list of global funds, along with BlackRock's IBIT and Fidelity's FBTC, "in a league of their own!" - he exclaimed.
Balchunas noted that even the Bitwise Bitcoin ETF (BITB) - currently the 18th largest Bitcoin ETF by assets under management - was larger than the world's largest fund, SPDR Gold Shares (GLD), he noted.
