Blackrock’s IBIT Carries Bitcoin ETFs to 6th Day of Inflows

Spot bitcoin exchange-traded funds (ETFs) attracted $83.09 million on Friday, with the majority of the capital funneled into Blackrock’s IBIT.

Bitcoin ETFs End Week in the Green as IBIT Draws $104.99M

U.S. spot bitcoin ETFs closed the week on a positive note, drawing in approximately $83.09 million on March 21, according to figures from sosovalue.com. Among the 12 funds tracked, Blackrock’s IBIT stood out as the sole contributor, amassing $104.99 million. This was partially counterbalanced by a $21.9 million outflow from Grayscale’s GBTC during the day’s trading.

The remaining ten funds reported little to no movement. With Friday’s uptick, total net inflows since Jan. 11, 2024, reached $36.05 billion. The gain from IBIT also extended the group’s inflow streak to six consecutive days, while trading volume across the ETFs hit $1.13 billion on March 21. By March 22, the 12 funds collectively held $94.35 billion worth of BTC, amounting to 5.65% of bitcoin’s overall market capitalization.

In contrast, U.S. spot ether ETFs experienced outflows totaling $18.63 million during Friday’s session. The downturn was primarily driven by Blackrock’s ETHA and Grayscale’s ETH Mini Trust, which recorded losses of $11.94 million and $6.69 million, respectively.

Roughly $124.34 million in trading volume moved through the ether ETFs, marking the 13th straight day of outflows across the nine funds. Friday’s decline brought cumulative net inflows since July 23, 2024, down to $2.42 billion. Altogether, the nine ethereum ETFs hold $6.77 billion in ether, representing approximately 2.84% of the asset’s total market va