U.S. spot Bitcoin ETFs experienced a resurgence in inflows, totaling $167 million on Monday, March 10th, reversing a two-day outflow trend and coinciding with Bitcoin’s price rebound above $71,000. BlackRock’s IBIT continues to dominate inflows, securing $109.31 million on Monday and reaching a cumulative $62.58 billion in AUM. Strategy, a Bitcoin treasury company, further fueled demand with a $1.28 billion purchase of 17,994 BTC, bringing its total holdings to 738,731 BTC. This accumulation, alongside ETF demand, is contributing to a significant decline in Bitcoin reserves held on centralized exchanges, reaching levels not seen since 2019. Notably, consecutive weeks of net inflows into Bitcoin ETFs signal renewed institutional confidence. However, altcoin ETFs, including those tracking Ether, XRP, and Solana, are experiencing continued outflows despite modest gains in their underlying assets. Thailand is also cracking down on crypto-related money laundering, freezing over 10,000 accounts.
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