Bitcoin ETFs Add $461M on Mar 4th, 10 Funds Make Hay As BTC Crosses $72K

Key Insights:

• Bitcion ETFs post net inflows of $461.9 million, maintaining March’s net inflow streak.
• BlackRock posted Wednesday’s biggest inflow ($306.6M), Fidelity and Grayscale also posted inflows.
• BTC price action appeared to get a boost from the drama surrounding US crypto regulations among other positive developments.

Bitcoin spot exchange-traded funds (ETFs) reported net inflows of $461.9 million on Wednesday. This marked a four-day net inflow streak, Coinglass data shows.

Bitcoin ETFs have posted net inflows on each of the first three trading days of March. Also, Wednesday, is the highest daily net inflow since February 25th.

Bitcoin price closed at $72,691 on Wednesday, over 6% above Tuesday’s close. Support surged sharply as momentum grew for passing two landmark U.S. digital asset regulations.

Lawmakers pushed forward the GENIUS Act and the CLARITY Act with increasing backing. The regulatory drama was not the only positive headline yesterday.

Bitcoin ETFs Post Sharp Net Inflows, BlackRock Leads With $306M

BlackRock (NASDAQ: IBIT) Bitcoin ETF posted an inflow of $306.6 million on Wednesday. It’s the highest among the 10 funds that posted inflows.

Fidelity (CBOE: FBTC) scooped up $48 million; Grayscale Mini (NYSE: BTC) posted $32.4 in inflows. Grayscale (NYSE: GBTC) posted an inflow of $21.66 million. Following this, Ark 21Shares (NYSE: ARKB) added $14.6 million.

Invesco attracted $9.1 million in inflows. Franklin followed with $8.5 million. Bitwise brought in $7.98 million, while WisdomTree added $7.77 million. VanEck rounded out the group with $5.2 million.

No inflows were reported on Wednesday; and Valkyrie (NASDAQ: BRRR) and Hashdex (CBOE: EZBC) reported no flows.

Notably, WisdomTree bitcoin ETF extended its inflow streak to two days. While a two-day inflow streak is not unusual for most Bitcoin ETsF funds, WidomTree is an exception.

BTCW has been relatively inactive for most of the Bitcoin ETFs history. BTCW’s Wednesday inflow highlights high market optimism.

US crypto spot ETFs recorded strong momentum with net inflows of $681.59 million. None of the funds across any category reported outflows. The surge highlights growing investor confidence in digital asset products.

It marks one of the most robust single-day performances for the sector. Ethereum spot ETFs added $196.4 million; Solana spot ETFs added $19.1 million, and XRP spot ETFs added $4.19 million.

BTC Price Rides Optimism as Crypto Stands Up to US Banks

Bitcoin price was trading above the $72,000 mark as of writing this Wednesday BTC ETF flows report. The largest crypto by market cap closed Wednesday over 6% above the day’s opening price ($68,336).

BTC’s sharp Wednesday surge came on the back of positive developments in the industry. President Donald Trump criticized US banks for lobbying against GENIUS Act and CLARITY Act. Trump emphasized the significance of these pieces of reguation.

In his scathing Truth Social post, the President began: “The GENUIS Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it. The U.S. needs to get Market Structure done ASAP…”

“…The Banks are hitting record profits, and we are not going to allow them to undermine our powerful Crypto Agenda that will end up going to China, and other countries if don’t get The Clarity Act taken care of,” he added.

Kraken made headlines by securing the Federal Reserve’s Master Account. It became the first crypto exchange to achieve this milestone.

The move grants Kraken direct access to the US payments system. This breakthrough strengthens its position in the financial sector. Morgan Stanley filed for a Bitcoin Trust ETF with Coinbase as custodian.

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