Fidelity’s Bitcoin ETF reaches its personal record with a $473 million single-day inflow 
Quick Take
Data from BitMEX shows that the Bitcoin exchange-traded funds (ETFs) observed an inflow of approximately $473 million, equivalent to about 7,000 BTC on March 7. Fidelity’s FBTC topped the charts with a record-breaking inflow of $473 million, marking its largest single-day inflow. This surge increased its total net inflows to over $6 billion and expanded its Bitcoin holdings to roughly 120,000 BTC.
BlackRock’s IBIT has consistently registered robust inflows, with a recent $244 million, elevating their total net inflow to $9.7 billion and Bitcoin holdings to roughly 191,000. Bitwise’s BITB and Ark’s ARKB, the mid-tier ETFs, also experienced inflows of $41 million and $42 million, respectively. ARKB’s total net inflows reached $1.8 billion, with BITB slightly lagging behind at $1.3 billion.
BitMEX data shows that Grayscale’s GBTC continued to see outflows, negating the theory of diminishing outflows. It suffered $375 million in outflows, pushing its total net outflows to a jarring $10.3 billion and resulting in roughly 218,000 BTC leaving the ETF since launch.
Despite the GBTC outflows, the combined net inflow into Bitcoin ETFs stands at a solid $9.4 billion, equivalent to a staggering 174,881 BTC, according to BitMEX.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
