On March 21, Eastern Time, the Bitcoin Spot ETF achieved a net inflow of $83.0919 million, marking six consecutive days of net inflows. Yesterday, the BlackRock Bitcoin ETF (IBIT) had the highest single-day net inflow among Bitcoin Spot ETFs, with a net inflow of $105 million. As of now, the historical total net inflow for IBIT has reached $39.774 billion.
In this round of market conditions, BTC has continued to strengthen as institutions keep buying. However, unlike previous bull markets, the funds that overflowed after the significant rise in BTC prices did not flow into other cryptocurrencies, resulting in BTC dominating the market while the prices of other coins continue to fall, constantly setting new lows.
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On March 21, Eastern Time, the Bitcoin Spot ETF achieved a net inflow of $83.0919 million, marking six consecutive days of net inflows. Yesterday, the BlackRock Bitcoin ETF (IBIT) had the highest single-day net inflow among Bitcoin Spot ETFs, with a net inflow of $105 million. As of now, the historical total net inflow for IBIT has reached $39.774 billion.
In this round of market conditions, BTC has continued to strengthen as institutions keep buying. However, unlike previous bull markets, the funds that overflowed after the significant rise in BTC prices did not flow into other cryptocurrencies, resulting in BTC dominating the market while the prices of other coins continue to fall, constantly setting new lows.