PiCK

U.S. Bitcoin spot ETFs turn to net inflows... $54.79 million

Doohyun Hwang

Summary

The U.S. Bitcoin spot ETF market recorded a turn to net inflows amounting to 54,790,000 dollars in one day.
Funds flowed into major ETFs such as ARKB and FBTC, and IBIT experienced net outflows of 32,490,000 dollars.
Despite the turn to net inflows, Bitcoin failed to recover to 90,000 dollars and was trading around 89,650 dollars, down 2.5%.

The U.S. Bitcoin (BTC) spot ETF market turned to net inflows in one day, reversing the flow again.

On the 5th (local time), according to SosoValue's data, Bitcoin spot ETFs traded in the U.S. recorded net inflows of 54,790,000 dollars that day. The most notable inflow that day was ARK·21Shares' ARKB, which saw new inflows of 42,790,000 dollars.

Fidelity's FBTC also showed strength, recording net inflows of 27,290,000 dollars. In addition, Bitwise's BITB (4,860,000 dollars) and VanEck's HODL (11,390,000 dollars) contributed to the inflow trend, and WisdomTree's BTCW recorded net inflows of 947,222 dollars.

On the other hand, Grayscale's GBTC did not experience net inflows or outflows that day. BlackRock's IBIT had net outflows of 32,490,000 dollars, resulting in capital outflows, but it still maintains an overwhelming first place with cumulative net inflows of 62.5 billion dollars.

Despite the turn to net inflows, Bitcoin is struggling to recover to 90,000 dollars. Currently, Bitcoin is trading in the Binance Tether (USDT) market at around 89,650 dollars, down about 2.5% from the previous day.

BTC