Bitcoin Spot ETFs Hit Record $4.2B Weekly Inflow as BTC Nears $120K
Spot Bitcoin ETFs in the United States recorded a combined weekly net inflow of $4.2 billion in the first week of March — the highest since their landmark approval in January 2024. The figure shatters the previous weekly record of $3.1 billion set in November 2025.
Who's Buying?
BlackRock's iShares Bitcoin Trust (IBIT) continues to dominate, accounting for approximately $2.1 billion of the week's inflows alone. The fund now holds over 650,000 BTC — worth roughly $78 billion at current prices — making it one of the largest ETFs in the world by assets under management.
Fidelity's FBTC attracted $890 million, while ARK 21Shares' ARKB pulled in $520 million. Even smaller players like Bitwise and VanEck saw meaningful inflows, suggesting broad-based institutional interest rather than concentration in a single product.
What's Driving Demand?
Several factors are converging. The upcoming Bitcoin halving cycle effects continue to reduce new supply, while corporate treasury adoption has expanded beyond MicroStrategy. Three additional Fortune 500 companies disclosed Bitcoin holdings in their latest quarterly filings.
Central bank policy also plays a role. With the Federal Reserve signaling continued rate cuts through 2026, traditional fixed-income yields have compressed, pushing institutional allocators toward alternative stores of value.
Price Action
Bitcoin traded as high as $119,400 during the week before pulling back to the $116,000-$118,000 range. Technical analysts point to the $120,000 level as significant psychological resistance, with many predicting a period of consolidation before any sustained move higher.
On-chain metrics remain healthy. Long-term holder supply is at record levels, exchange balances continue to decline, and the Hash Rate has reached new all-time highs, suggesting miner confidence in future prices.
