Published on March 18, 2024 10:57 GMT+00:00edited on March 18, 2024 11:01 GMT+00:00

Weekly net inflows and trading volume for U.S. spot bitcoin exchange-traded funds hit record levels last week as bitcoin reached fresh all-time highs before retreating sharply.

Net inflows for the ten spot bitcoin ETFs combined reached $2.57 billion last week — up 15 % from the $2.24 billion worth of inflows generated the week prior — according to data from BitMEX Research and Farside Investors.

BlackRock’s IBIT continued its dominance, generating $2.48 billion in inflows. Fidelity’s FBTC came second with $717.9 million and VanEck’s HODL third with $247.8 million. However, Grayscale’s converted GBTC fund witnessed $1.25 billion in outflows, while Invesco’s BTCO also contributed $29.4 million in outflows.

Total net inflows since spot bitcoin ETF trading began on Jan. 11 now stand at …