Ramazan Eles 
Bitcoin’s recent surge to $68,000 has sparked renewed interest in spot Bitcoin exchange-traded funds (ETFs). As investors flock to gain exposure to the world’s largest cryptocurrency, several ETFs have seen significant inflows.
BlackRock’s iShares Bitcoin ETF (IBIT), one of the most prominent players in the space, reported net inflows of $23.16 million yesterday. This highlights the continued strong demand for Bitcoin among institutional investors.
Fidelity’s FBTC also experienced substantial inflows, attracting $4.45 million in new assets. While this figure is smaller than IBIT’s, it underscores the growing popularity of Bitcoin ETFs among retail investors.
Bitwise’s BITB took the lead in terms of daily inflows, with $31.41 million pouring into the fund. This is a testament to the strong investor sentiment surrounding Bitcoin.
VanEck’s HOD was another ETF that saw significant inflows, attracting $19.18 million in new investments.
Grayscale Bitcoin Trust Experiences Outflows
In contrast to the positive inflows seen in other ETFs, Grayscale’s Bitcoin Trust (GBTC) experienced net outflows of $26.55 million. This is likely due to a combination of factors, including the launch of multiple spot Bitcoin ETFs and the higher fees associated with GBTC.
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