PiCK
U.S. spot Bitcoin ETF records $370,000 net inflow the previous day…effectively 'flat' trend
Suehyeon Lee
Summary
- U.S. spot Bitcoin ETF recorded a slight net inflow of $370,000 the previous day.
- Net inflows have continued for four trading days, and major products' fund flows were mixed.
- BlackRock's IBIT saw net outflows, while Fidelity's FBTC and ARK Invest's ARKB saw net inflows, leaving the overall flow effectively 'flat'.
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded a slight net inflow the previous day.
On the 2nd (local time), according to TraderT data, the total net inflow into spot Bitcoin ETFs the previous day was $370,000. This marks four consecutive trading days of net inflows.
On that day, BlackRock's IBIT saw $74,030,000 flow out, but Fidelity's FBTC recorded a $67,020,000 net inflow and ARK Invest's ARKB had a $7,380,000 inflow, largely offsetting the overall flow. Other products had no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
