Bitcoin ETFs Draw Record $1B Inflows, BlackRock and MicroStrategy Duel for Dominance

On March 12, net spot bitcoin ETF inflows surpassed $1 billion, with Blackrock's IBIT product seeing a record $849 million inflow. This marks another day of record inflows for recently approved spot bitcoin exchange-traded funds in the United States, bringing total net bitcoin ETF inflows since Jan. 11, 2024 to $11.1 billion. Spot bitcoin ETFs now hold over 90% of the daily trading volume market share for ETFs offering bitcoin exposure, while bitcoin futures ETFs claim just 10% of the market share. The success of U.S. spot Bitcoin ETFs has exceeded expectations, with inflows approaching what was anticipated for the first year, and potential for further increases due to various factors.