ARK 21Shares’ spot Bitcoin exchange-traded fund (ETF) witnessed a massive inflow of $201.8 million on Wednesday, marking a significant leap nearly five times its usual daily inflows. This remarkable spike comes as Bitcoin’s value neared the $72,000 mark, showcasing the growing investor interest in cryptocurrency assets. According to Farside Investors, this influx on March 27 represents a quadruple increase from its daily average since the fund’s inception on January 11, with an average of $43.9 million in daily inflows.

The ETF’s performance not only quadrupled its average daily inflows but also nearly tripled the $73.6 million recorded the day before, highlighting a sharp uptick in investor enthusiasm. Notably, there were no inflows recorded on March 25, emphasizing the sporadic yet significant interest in the Bitcoin ETF. This trend underscores the volatile yet lucrative nature of cryptocurrency investments, attracting both seasoned and new investors to the digital currency market.

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