U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $19 million increase.
US Bitcoin ETF Inflows Reach $21.52M as FBTC and GBTC Lead Gains
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Modest Inflows for Bitcoin ETFs on Thursday With Fidelity’s FBTC Leading the Pack
The 11 spot bitcoin ETFs had a good day on Thursday with a modest increase of $21.52 million during the day’s trading sessions. Only three out of the 11 recorded gains and Grayscale’s GBTC witnessed a $4 million increase. Fidelity’s FBTC was the leader, however, raking in a total of $19 million. FBTC was followed by Vaneck’s HODL which gathered $3 million in inflows.
Blackrock’s IBIT recorded a neutral day, as did BITB, BTCO, BRRR, EZBC, BTCW, and DEFI. The day’s increase brings the cumulative total net inflow to $14.44 billion. Volume on Thursday, however, was lower than usual with a total of $925.76 million in swaps. In terms of bitcoin ( BTC) reserves, the ETFs hold around $52.61 billion in net asset value (NAV).
As the U.S. spot bitcoin exchange-traded funds experience a modest influx, particularly from Fidelity’s FBTC, the trend underscores a growing confidence in bitcoin amidst the latest fluctuating market conditions. Over the past 30 days, the spot price of bitcoin has dropped 10.4% against the U.S. dollar.
What do you think about the second day of inflows for the U.S. spot bitcoin ETFs? Share your thoughts and opinions about this subject in the comments section below.
