Spot Bitcoin ETF inflows over $400 million on the second day of the week, signaling a notable comeback. This upward trajectory comes after a week of significant withdrawals brought on by GBTC liquidations.
According to data from Farside Investors, On March 26th, spot Bitcoin ETFs saw a net inflow of $418 million. By comparison, Grayscale ETF GBTC saw a net outflow of $212 million during the same time, which is an improvement over the huge withdrawals that exceeded $300 million per day that occurred last week.
With a net inflow of almost $279 million in a single day, Fidelity’s ETF FBTC led the group and outperformed BlackRock for the second day in a row. Despite the fact that national account platforms and financial advisors have different adoption rates, Bitwise Chief Investment Officer Matt Hougan is nevertheless bullish about the long-term need for ETFs.
Hougan thinks that when more ETFs are launched, the downside risk associated with Bitcoin will decrease, making greater allocations like 3% or 5% more doable for investors. In the upcoming years, he anticipates 3% becoming the new standard for the wealth market, even though true institutions may limit exposure to 1%.
Matt Hougan is bullish about the long-term market for Bitcoin ETFs, predicting that as negative risks diminish, investors will be able to allocate higher amounts.
