Bitcoin spot ETFs experienced one of their historic days yesterday. A net investment of $648 million entered ETFs. This figure was the second-largest investment seen by ETFs traded since 11 January during this period.

Funds are pouring into BlackRock

The demand for BlackRock, the world’s largest fund management company, does not stop. The company received a net $788 million Bitcoin ETF investment yesterday. This was the largest investment BlackRock has seen since 11 January. The closest figure to yesterday was seen on 28 February with $612 million.

Fidelity saw $125 million and ARK Invest saw inflows of $63 million. The outflows in Invesco, which had an outflow of $25 million on Monday, continued yesterday. The figure was $14 million.

Grayscale’s sell-off continues

There was a $332 million outflow yesterday from Grayscale, which has been making big sell-off since Thursday last week. However, these sell-offs were not enough to decrease the price of Bitcoin.

For the first time, 4% of the total supply was exceeded

On the other hand, the value of Bitcoin in the hands of companies reached $48 billion and fell below $50 billion. However, the increase in number continues to grow. The total number of Bitcoins held by these ETF issuer companies has exceeded 4% of Bitcoin’s total supply.

Bitcoin, which fell to $59,000 after yesterday’s $69,000 level, started an upward movement again when the news was written. Bitcoin price is trading at about $66,600.