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US BTC-Spot ETF Market Sees Rare Inflows
Institutional investors reacted to the softer inflation number, possibly out of relief rather than in hopes of a sustainable drop toward the Fed’s target. According to Farside Investors, key ETF flow highlights on March 12 included:
- ARK 21Shares Bitcoin ETF (ARKB) had net inflows of $82.6 million, its first since March 3.
- Grayscale Bitcoin Mini Trust (BTC) reported net inflows of $5.5 million.
Excluding flow data for iShares Bitcoin Trust (IBIT) and Invesco Galaxy Bitcoin ETF (BTCO), the US BTC-spot ETF market reported $72.8 million in net inflows, breaking a four-day outflow streak.
BTC-spot ETF flows are critical for Bitcoin’s supply-demand balance and price trajectory. Extended net outflows have pressured BTC, which remains well below its record high of $109,312.
Bitcoin Price Scenarios: Key Levels to Watch
On March 12, BTC advanced by 0.92%, adding to Tuesday’s 5.50% gain and closed at $83,710. However, upside momentum was limited, with tariff concerns and uncertainty about US government bitcoin demand capping the upside.
Potential price scenarios:
- Bearish: Rising trade tensions, opposition to the Bitcoin Act, and continued BTC-spot ETF outflows could pull BTC toward $70,000.
- Bullish: Easing trade tensions, growing support for the Bitcoin Act, and renewed ETF inflow trends could push BTC toward $109,312.
Senator Cynthia Lummis introduced the Bitcoin Act in December 2024, proposing the US government acquire one million BTC over five years, with a 20-year mandatory holding period.
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