Crypto:
30349
Bitcoin:
$64.252
% 0.80
BTC Dominance:
%54.0
% 0.22
Market Cap:
$2.34 T
% 1.02
Fear & Greed:
63 / 100
Bitcoin:
$ 64.252
BTC Dominance:
% 54.0
Market Cap:
$2.34 T

Spot Bitcoin ETFs See Steady Inflows as BlackRock’s IBIT Leads the Way

Bitcoin Etfs

U.S. spot Bitcoin exchange-traded funds (ETFs) experienced net inflows for 11 consecutive days, reaching a daily total of $45.14 million on Tuesday. This marks the longest streak of positive entries since February.

BlackRock’s IBIT ETF led the way on Wednesday, drawing $102.5 million in net inflows, according to SoSoValue data. This influx has positioned IBIT as the largest spot bitcoin fund by net asset value, currently at $19.68 billion, surpassing Grayscale’s GBTC.

Grayscale’s GBTC, which recently became a spot Bitcoin ETF, has faced net outflows on most days. On the same day, it recorded outflows of more than $105 million, reducing its net asset value to $19.65 billion.

Fidelity’s FBTC posted the second-highest net inflow, adding $34.35 million. Other bitcoin ETFs from Ark Invest, 21Shares, Bitwise, Invesco and Galaxy Digital, Valkyrie and WisdomTree reported smaller gains on Wednesday with single-digit million-dollar inflows.

Over the past 11 days, cumulative net inflows for all 11 spot Bitcoin ETFs have exceeded $2 billion, with total net inflows since January rising to $13.73 billion. This continued trend reflects growing investor interest and confidence in Bitcoin ETFs.


You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  Gemini Accepted to Refund!

Leave a Reply

Your email address will not be published. Required fields are marked *