Bitcoin ETFs See First Net Inflows in Five Weeks, Attracting $744.3 Million

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a significant turnaround, recording their first net inflows in five weeks, totaling $744.3 million for the trading week ending March 21. This marks a potential shift in crypto investment sentiment, contrasting with Ethereum-based funds, which saw $102.9 million in outflows for the fourth consecutive week. BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $537.5 million, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) at $136.5 million. The positive flows coincided with Bitcoin trading around $87,935 midday Monday, a 5.4% increase over the past week, despite being down nearly 6% year-to-date.