#Write2Earn The Spot #BitcoinETF💰💰💰 products trading in the United States have broken Gold's 3-year record in just a month of launchSTORY HIGHLIGHTS#SpotBitcoinETF netflow has topped $3 billionThis is the record gold was unable to break for 3 yearsThe Bitcoin ETF market remains vibrant in many regardsIn only one month, the spot Bitcoin ETF market has reportedly broken a record that took gold almost two years to achieve.Spot Bitcoin ETF Net Flow Hits $3BAccording to Senior Bloomberg ETF analyst Eric Balchunas, the net cumulative flows for the spot #BTC ETFs approved by the United States Securities and Exchange Commission (SEC), have exceeded $3 billion within the last three days. This was after the nascent niche registered about $500 million worth of inflows on February 12. The chart that accompanied Balchunas’ post on X showed that as of January 14, the net flows had not even hit $1 billion. Overall, the broader spot BTC ETF market has been doing well. Apart from Grayscale’s GBTC, nine of the spot Bitcoin ETF products are gradually inching toward a cumulative of $10 billion in inflows. In addition, the interest in spot Bitcoin ETFs is also growing exponentially. Based on an opinion shared on CNBC’s Squawk Box by Anthony Pompliano, a well-known cryptocurrency advocate, there is a burgeoning interest from Wall Street in Bitcoin.He revealed that institutional investors are buying into the spot Bitcoin ETF deal at a rate that is 12.5 times greater than its daily production. This surge in demand has triggered a shortage in supply. The increased interest is believed to be a result of the upcoming Bitcoin halving event set for April this year.Grayscale Outflows Makes a SwitchBefore Monday’s inflow and just when Bitcoin was nearing $49,000, all ten spot BTC ETF products saw a net inflow of $541.5 million. Of these massive inflows, BlackRock (IBIT), Fidelity (FBTC), and Ark 21Shares (ARKB) Bitcoin ETF recorded the largest inflows of $250.7, $188.4, and $136.5 million, respectively. Grayscale is still experiencing outflows although in recent days, the intensity has slowed down. At a time, the volume decreased significantly to about $51.8 million but it has now returned to near normalcy. A few days ago, GBTC outflows touched $101.6 million suggesting another mass exodus from the spot Bitcoin ETF.Amidst this fluctuation, Bitcoin price has been showing signs of a bull run after soaring as high as $50,300 overnight, although it has slightly dropped in the last few hours. At the time of this writing the coin was trading at $48,597.95 with a 0.81% drop within the past 24 hours.#TrendingTopic