PiCK
U.S. spot Bitcoin ETF sees net inflows of $117.31 million…institutional flows turn positive
Summary
- Total net inflows into U.S. spot Bitcoin ETFs were tallied at $117.31 million, improving market sentiment.
- Inflows were driven by BlackRock’s IBIT, which accounted for most of the total with $98.10 million, while Fidelity’s FBTC, Bitwise’s BITB, and ARK’s ARKB also recorded net inflows.
- The Bitcoin ETF market is wrapping up a recent net outflow streak and showing a gradual return of inflows, alongside continued concentration of flows into BlackRock’s IBIT.
Forecast Trend Report by Period
Market sentiment is improving as funds flow back into U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs).
According to Trader T data on the 31st (local time), total net inflows across spot Bitcoin ETFs came to $117.31 million.
BlackRock’s IBIT led the inflows. IBIT drew $98.10 million, accounting for most of the total. Fidelity’s FBTC posted net inflows of $16.24 million, Bitwise’s BITB $1.84 million, and ARK’s ARKB $1.13 million.
By contrast, Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, VanEck’s HODL, WisdomTree’s BTCW, and Grayscale’s GBTC and Mini Bitcoin ETF saw no inflows or outflows.
The spot Bitcoin ETF market appears to be ending its recent net outflow streak and shifting to gradual inflows, with concentration in BlackRock’s IBIT persisting.
YM Lee
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