PiCK
US spot Bitcoin ETFs see $257.29 million in net inflows…led by BlackRock and Fidelity
Summary
- It reported that total net inflows into US spot Bitcoin ETFs reached $257.29 million.
- It reported that inflows were concentrated in BlackRock’s IBIT, Fidelity’s FBTC, ARK Invest’s ARKB, and Bitwise’s BITB.
- It reported that as the Bitcoin price fluctuates in the mid-$60,000 range, ETF fund flows are acting as a short-term supply-demand driver.
US spot Bitcoin (BTC) exchange-traded funds (ETFs) posted net inflows.
According to data compiled by Trader T on the 24th (local time), total net inflows into spot Bitcoin ETFs came to $257.29 million on the day.
Inflows were concentrated in products run by major asset managers. BlackRock’s IBIT took in $78.52 million, while Fidelity’s FBTC saw $82.81 million. ARK Invest’s ARKB recorded $71.14 million in net inflows, and Bitwise’s BITB posted $3.50 million.
VanEck’s HODL received $12.76 million, and the Grayscale Mini BTC took in $8.56 million. By contrast, there were no flows in or out of Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, WisdomTree’s BTCW, or Grayscale’s GBTC.
With Bitcoin prices repeatedly swinging in the mid-$60,000 range, ETF fund flows are acting as a short-term supply-demand driver.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
