Spot Bitcoin ETFs in the United States ended up seeing another day of strong inflows on March 13, signaling continued institutional interest and support in the asset even as the broader market remained volatile. Data from Farside Investors shows that spot Bitcoin ETFs brought in $180.4 million in net inflows for the day.
BlackRock’s IBIT led the inflows by a wide margin, attracting $143.6 million. Fidelity’s FBTC followed with $23.2 million, while several other funds reported smaller contributions. Bitwise’s BITB added $3.1 million, ARK Invest’s ARKB recorded $2.4 million, and VanEck’s HODL brought in $8.1 million.
Some funds, however, reported no new inflows during the session. These included Grayscale’s GBTC, Invesco’s BTCO, and Franklin Templeton’s EZBC.
ETF demand rebounds after earlier outflows
The latest data suggests ETF demand has begun to recover after a period of heavy outflows earlier in the month.
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On March 6, spot Bitcoin ETFs saw a combined $348.9 million in outflows. The trend soon reversed, with inflows reaching $167.1 million on March 9 and $246.9 million on March 10. Flows slowed slightly to $53.8 million on March 12 before picking up again in the latest session.
Since the launch of spot Bitcoin ETFs, the majority of inflows have been concentrated in a handful of products. BlackRock’s IBIT alone has accumulated more than $63 billion, while Fidelity’s FBTC has drawn in close to $11 billion, according to the dataset.
Analysts point to key levels for Bitcoin
While ETF flows continue to attract attention, market analysts are also closely watching Bitcoin’s technical structure. Crypto analyst Ali Martinez said Bitcoin may have entered a region with relatively little resistance, which could allow the price to move higher. According to Martinez, there is limited resistance until around $82,045, while an important support level sits near $66,898.
Another analyst, Michaël van de Poppe, shared a chart which showed that Bitcoin was trading around $71,720 on the four hour timeframe after recovering from the lows seen earlier in March. The chart showed Bitcoin forming a series of higher lows near $65,117, a level that has so far held as a key support area.
On the upside, the analysis points to a resistance zone between $76,604 and $79,127, while a larger target area sits near $80,646.
Van de Poppe said the move looked like typical end of week price action, with Bitcoin briefly moving toward recent highs before reversing after taking liquidity.
Looking ahead, the analyst said the coming days could provide more clarity on whether Bitcoin is ready to attempt another move toward recent highs. If momentum continues to build, he expects the market could test those levels again within the next couple of weeks.
