Institutional trust in Bitcoin remains strong: $ 196 million inflow in US ETFs despite market pressure

<p> <strong> Institutional trust in Bitcoin remains strong: $ 196 million inflow in US ETFs despite market pressure </strong> </p>
Institutional investments in Bitcoin ETFs: strong inflows despite the market pressure
In the past few weeks, the Bitcoin course (BTC) has been under pressure, but the Spot Exchange Traded Funds (ETFS) show significant capital inflows. This indicates that the trust of institutional investors continues to be unbroken.
196 million dollar inflow in one week
In the past week, a total of $ 196.48 million were invested in US Bitcoin ETFs. Despite a weak weekend, which ended on Friday, March 28, with a drain of $ 93.16 million from the fund. Nevertheless, the weekly result by balance remained positive.
The strongest daily inflow was recorded on Wednesday, March 26, on which $ 89.57 million flowed into the funds alone. For many, this is a clear sign for the ongoing trust of institutional investors.
Blackrock and Fidelity lead the field
The inflows were primarily powered by large players such as Blackrock and Fidelity. Blackrock's flagship fund IBIT was able to attract an impressive $ 171.95 million in fresh capital. Fidely's FBTC fund also convinced with an inflow of $ 86.84 million.
However, not all funds benefited from this positive market environment. Ark 21shares with his ARKB fund recorded the greatest drainage of the week with $ 40.97 million. The funds of Wisdomtree, BitWise and Investco also had to accept declines and closed the week in the minus.
Blackrock brings Bitcoin to Europe
After success in the USA, Blackrock is now focusing on Europe. With the introduction of its own Bitcoin Exchange Traded Product (ETP), the asset manager officially enters the European market.
Since March 25, the fund has been tradable on the Xetra, the leading electronic stock exchange in Germany, as well as on the Euronext exchanges in Amsterdam and Paris. This gives European investors the opportunity to invest in Bitcoin via established trading platforms - without the direct possession of cryptocurrencies.
Overall, the developments in the field of Bitcoin ETFs show that despite the current market conditions, the interest and willingness to invest of institutional investors are unbroken.