U.S. spot bitcoin exchange-traded funds (ETFs) garnered $123.7 million in positive inflows during Wednesday’s trading. Grayscale’s Bitcoin Trust (GBTC) experienced a decline in its bitcoin holdings, decreasing from 318,451.70 to 316,193.43 bitcoins.
Fidelity’s FBTC Gains Ground, Absorbing Over 1,000 BTC Amid Wednesday’s $123M Inflow
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ETF Analyst Notes Historical Inflow Streak in 2 Bitcoin ETFs, Eyeing Record
On Wednesday, U.S. spot bitcoin ETFs reversed a two-day trend of negative outflows, attracting $123.7 million. The ETFs amassed $3.04 billion in total volume, with Blackrock’s IBIT securing $1.55 billion and GBTC achieving $626.97 million in trades. Blackrock’s IBIT added 478.4 BTC, raising its holdings from 266,101.68 to 266,580.08 BTC.
As of Wednesday, GBTC’s reserves stood at 318,451.70 BTC and by Thursday, had decreased to 316,193.43 BTC, indicating a reduction of 2,258.27 BTC since the previous day’s trading. Meanwhile, Fidelity’s FBTC saw an increase in reserves from 150,694.67 BTC to 151,787.77 BTC, adding a total of 1,093.10 BTC over 24 hours.
Two days prior, Ark Invest’s bitcoin reserves were approximately 43,643 BTC, which have slightly increased to about 43,748 BTC today. Also, Bitwise’s BITB had 32,939.48 BTC on Tuesday, Apr. 9, and by Apr. 11, this figure rose by 403.42 BTC to 33,342.90 BTC. On Thursday, Bloomberg’s senior ETF analyst Eric Balchunas commented on X that both IBIT and FBTC are among the ETFs setting records with a continuous 62-day streak of inflows.
“62 Days and counting. Closing in on JETS, which brings back some vivid memories,” Balchunas remarked.
What do you think about Wednesday’s inflows from the spot bitcoin ETFs? Share your thoughts and opinions about this subject in the comments section below.
