Significantly, iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) saw higher net inflows. IBIT saw net inflows increase from $2,050.5 million to $2,070.6 million in the week ending March 8. FBTC saw net inflows surge from $708.6 million to $1,339.6 million.

Higher Grayscale Bitcoin Trust (GBTC) net outflows left total market inflows short of the weekly high of $2,271 million recorded in the week ending February 16. GBTC outflows increased from $1,455.7 million to $1,654.4 million. The markets attributed the GBTC outflows to the court ruling, allowing Genesis Global Hold Co to liquidate approximately $1,300 million of GBTC shares.

ETFStore President Nate Geraci shared his views on the BTC-spot ETF market on Saturday, saying,

“iShares Bitcoin ETF has eclipsed $10bil net inflows… That’s net inflows in 40-days. Pulling down avg of $250mil/day. Now at $13.6bil AUM. For context, ARK Invest has about $16.5bil in total assets. Firm launched in 2014.”

iShares Bitcoin Trust Flips MicroStrategy on BTC Holdings

Bloomberg Intelligence Senior ETF Analyst Eric Balchunas shared a post from Fred Krueger, saying,

“All this was bound to happen, but not in eight weeks. Scary fast.”