BlackRock’s IBIT ETF Sees $155.31M Inflow as Bitcoin Jumps 12%
BlackRock’s IBIT-led Bitcoin ETF recorded $155.31 million inflow on March 4, contributing to nearly $800 million institutional inflows into U.S. Bitcoin ETFs this month. Bitcoin has surged 12% since Friday, outperforming gold’s 2% decline, as investors shift safe-haven bets and bullish sentiment returns.
1. IBIT Leads U.S. Bitcoin ETF Inflows
BlackRock’s IBIT ETF attracted $155.31 million on March 4 alone, accounting for the largest single-day institutional purchase this month. Cumulative inflows into U.S. Bitcoin ETFs near $800 million in March, with Fidelity’s FBTC adding $48.01 million and Grayscale’s GBTC contributing $21.64 million.
2. Bitcoin Outperforms Gold with 12% Weekly Gain
Bitcoin climbed 12% since last Friday while gold declined 2%, marking its first outperformance in months. Technical indicators show Bitcoin trading above its 20-day EMA at $69,221 and approaching the 50-day EMA at $74,352, signaling renewed bullish momentum.