In a twist that would make even the most jaded Wall Street tycoon raise an eyebrow, the Bitcoin ETF saga has taken a turn for the fabulous. Spotonchain, that ever-vigilant analytics account on the X social media platform, has unveiled a report that reads like a financial soap opera. Investor sentiment, once as fickle as a cat in a room full of rocking chairs, has done a complete 180, with nearly one billion US dollars flooding into Bitcoin ETFs this week. 🤑
BlackRock, the undisputed diva of the ETF world, continues to reign supreme. With inflows counted on March 21, the total amount of funds entering spot Bitcoin ETFs since Monday stands at a staggering $785.6 million. BlackRock’s IBIT has attracted the lion’s share of investor funds—6,342.47 BTC worth $535,582,902. On Friday, March 21, IBIT absorbed 1,250 BTC, equal to $105,554,875. However, when you factor in the outflows, the overall flows stand at $744.3 million. A veritable financial rollercoaster, if you will. 🎢
According to the Coinglass data, on that day, IBIT was the only ETF to receive any inflows. GBTC, on the other hand, lost 260.15 BTC. Thus, the cumulative inflows on Friday comprised 987.12 BTC. A tale of two ETFs, indeed. 📉📈
🇺🇸 Spot ETF: 🟢$744.3M to $BTC and 🔴$102.9M to $ETH
🗓 Week: 17 to 21 Mar 2025👉 BTC ETFs have recorded 6 consecutive net inflows, totaling $785.6M.
👉 ETH ETFs have seen 13 consecutive net outflows (2.5 weeks), totaling -$389.2M.
Follow @spotonchain and check out the latest…
— Spot On Chain (@spotonchain) March 22, 2025
On March 20, BlackRock (IBIT), Fidelity (FBTC), and VanEck (HODL) welcomed 1,980, 105.98, and 137.08 BTC, respectively. A veritable who’s who of the ETF world. 🎩
Overall, inflows into various Bitcoin ETFs took place every day over the past week with BlackRock constantly scoring the biggest investment amounts. As for Ethereum ETFs, the situation here is entirely different. The total flows constituted -$102.9 million, while the outflows logged -$389.2 million. A case of the haves and the have-nots, if you will. 💸
In other news, the popular blockchain sleuth Whale Alert has reported a massive Bitcoin transaction—2,999 BTC—was spotted several hours ago. This amount of crypto was valued at $252,505,339 at the time of the transfer. This crypto batch was moved from one anonymous wallet to another. The community’s reaction was mixed. Many users responded with bullish comments, while others questioned the goal of this transaction, wondering about the identities of the sending and the receiving wallets, which Whale Alert tagged as unknown. A mystery wrapped in an enigma, shrouded in blockchain. 🕵️♂️
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,999 #BTC (252,505,339 USD) transferred from unknown wallet to unknown new wallet
— Whale Alert (@whale_alert) March 22, 2025
At the time of this writing, the world’s pioneer cryptocurrency, Bitcoin, is changing hands at $84,230. A price that would make even the most stoic investor crack a smile. 😊
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2025-03-22 11:32