Bitcoin News

Fidelity Bitcoin ETF Clocks Record Inflows Above $400 Million, Trading Volumes Skyrocket

Bitcoin ETF trading volumes skyrocketed past $5 billion in a day with Fidelity's FBTC grabbing the limelight on Monday.
Published by
Fidelity Bitcoin ETF Clocks Record Inflows Above $400 Million, Trading Volumes Skyrocket

Highlights

  • Fidelity Joins BlackRock by registering massive $400 million inflow in FBTC.
  • Bitcoin ETF trading volume continue to hit the $5 billion for the second time.
  • Analyst suggest we are in the warm-up stage of Bitcoin bull run.

As the Bitcoin (BTC) price rallies all the way to its new all-time high, the newly launched spot Bitcoin ETFs continue to hit milestones with fresh inflows. On Monday, March 4, the Fidelity Bitcoin ETF (FBTC) registered its highest single-day inflows at a staggering $404 million.

Bitcoin ETFs Continue to Steal the Limelight

On Monday, March 4, the Bitcoin ETF inflows picked up pace once again after slowing down last week. The total Bitcoin ETF inflows on Monday stood at a staggering $588 million with both Fidelity and BlackRock clocking over $400 million in inflows each. On the other hand, GBTC recorded net outflows of $368 million, as per data from Farside investors.

Well, the net inflows have helped the Bitcoin (BTC) price rally all the way closer to its all-time high with analysts expecting a push above $70,000 very soon.

Eric Balchunas, ETF strategist at Bloomberg, reports on the notable trading activity within the cryptocurrency market, particularly across Bitcoin ETFs. Balchunas highlights that today marked the second-highest volume day for the Ten, with approximately $5.5 billion in trading volume. Notably, the ETF IBIT alone contributed $2.4 billion to this volume, pushing its assets under management (AUM) past $11 billion.

Furthermore, Balchunas points out that each ETF within the Ten has experienced a remarkable surge of over 30% in value over the past six days. He speculates that this impressive performance may contribute to sustaining the momentum in trading activity. Balchunas draws parallels to the “ARK Mania” phenomenon, suggesting similarities in the current market sentiment.

In conclusion, Balchunas suggests that the significant increase in trading activity observed last week may represent a new normal rather than an anomaly.

BTC Price Rally To Continue?

The Bitcoin price is just inches away from hitting a new all-time high, and a breakout above $70,000 could lead to a further price rally. Also considering the strong inflows into spot Bitcoin ETFs, institutional players can drive the rally ahead.

Bitcoin analyst Willy Woo offers insights into the current state of the cryptocurrency market, challenging the notion of being in a bull market. According to Woo, the current market activity represents a mere warm-up phase rather than a full-fledged bull market driven by fundamentals.

Woo suggests that a true fundamentals-driven bull market is characterized by a break of the upper blue band in the Macro Index below. He implies that once this threshold is breached, traditional finance (TradFi) participants may be caught off guard by the ensuing market dynamics.

Advertisement
Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch

Canary Funds has filed an updated S-1 registration for its XRP spot exchange-traded fund (ETF).…

October 31, 2025
  • News

CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement

The U.S. Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) have entered…

October 31, 2025
  • News

Senate Committee Finalizes Updated Crypto Market Structure Bill Draft, Release Expected In Days

The U.S. Senate committee is set to release an updated draft of the Crypto Market…

October 30, 2025
  • News

€648 Billion Nordea To Allow Customers to Trade Bitcoin-Linked ETFs

Nordea Bank, one of Europe’s largest financial institutions, is allowing customers to trade Bitcoin-linked funds…

October 30, 2025
  • News

Uphold Joins Gemini, Relaunches XRP Debit Card Following SEC Lawsuit Resolution

Uphold has relaunched its XRP Debit Card across the United States following the resolution of…

October 30, 2025
  • Altcoin News

Breaking: XRP Treasury Evernorth Debuts on Nasdaq Under XRPN Ticker After $1B Token Purchase

Evernorth Holdings, a Ripple-backed XRP treasury company, has officially made its debut on Nasdaq under…

October 30, 2025