U.S. spot bitcoin exchange-traded funds (ETFs) marked their fourth consecutive day of inflows, capturing $147.37 million on Wednesday. Fidelity’s FBTC led by drawing in $57.79 million during the trading sessions.
US Spot Bitcoin ETFs Achieve Fourth Day of Consecutive Inflows
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Bitcoin ETFs in U.S. Report $147.37M Inflows, Led by Fidelity’s FBTC
Spot bitcoin ETFs in the U.S. garnered an additional $147.37 million yesterday, marking the fourth straight day of inflows. This recent addition brings the cumulative total net inflow from Jan. 11, 2024, to today, to $15.42 billion. Wednesday recorded about $1.25 billion in trading volume, with eight out of 11 funds seeing gains, according to sosovalue.xyz metrics.
The largest inflow on Wednesday was Fidelity’s FBTC, which attracted $57.79 million, followed by Franklin Templeton’s EZBC with $31.66 million. Blackrock’s IBIT secured $22.24 million, while Valkyrie’s BRRR brought in $20.68 million. Invesco’s and Galaxy’s BTCO collected $9.47 million, and Ark Invest’s and 21shares’ ARKB obtained $5.74 million.
Bitwise’s BITB experienced $4.7 million in inflows, whereas Vaneck’s HODL saw $3.25 million. Grayscale’s Bitcoin Trust (GBTC) faced $8.15 million in outflows. Wisdomtree’s BTCW and Hashdex’s DEFI were neutral, seeing no inflows or outflows during the day. At press time, the 11 funds hold $50.62 billion in BTC, representing 4.47% of the leading crypto asset’s market cap.
What do you think about the latest inflows from the spot bitcoin ETFs? Share your thoughts and opinions about this subject in the comments section below.
