Bitcoin ETF net inflows double, BTC and BNB continue to reach new all-time highs

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Bitcoin Spot ETF Net Inflows Hit Record High

According to BitMEX Research data, all data up to March 12 trading day has been recorded, and the net inflows of Bitcoin spot ETF reached a record high of $10.45 billion, far exceeding the previous high of $6.73 billion on February 28 and the $6.55 billion on the first day of listing.

Converted into coin terms, there was a net inflow of 14,706 BTC, with Blackrock IBIT alone contributing $849 million in net inflows.

Since its listing on January 11, the total net inflows of Bitcoin spot ETF have reached approximately $4.1 billion.

The Block also pointed out that Bitcoin futures ETFs only account for 10% of the market share on that day.

[1/4] Bitcoin ETF Flow – 12 March 2024

All data in. Record day with over $1 billion of net inflow. Blackrock with a record $849 million of inflow pic.twitter.com/dKFmM3Qvaa

— BitMEX Research (@BitMEXResearch) March 13, 2024

Bitcoin and BNB Continue to Hit New All-Time Highs

Bitcoin briefly touched $73,625 at 4:00 p.m. Taiwan time, surpassing the $73,095 on the evening of March 12.

In addition, Binance's native token BNB, driven by the continuous introduction of new Launchpool activities, rose to $580, marking an almost 90% increase since the beginning of this year.

Binance Launches Another Staking Project Launchpool – ether.fi ETHFI, BNB Surpasses $540