Summary
- BlackRock IBIT recorded a massive net inflow of $960.7 million, leading to a total net inflow of $581 million for US Bitcoin spot ETFs.
- Most ETF products, including Ark Invest and 21Shares' ARKB, showed net outflows.
- BlackRock IBIT's significant investment activity in the Bitcoin spot ETF market offset the net outflows of other funds.
Bitcoin (BTC) spot Exchange-Traded Funds (ETFs) have recorded net inflows for seven consecutive trading days. Notably, BlackRock IBIT has shown significant net inflows.
On the 28th (local time), according to the Bitcoin spot ETF data provider account TraderT, a net inflow of $581 million was recorded in the Bitcoin spot ETF on this day.
Most ETF products recorded net outflows. ARKB from Ark Invest and 21Shares shed $226.3 million, followed by Fidelity FBTC (-$86.9 million), Grayscale GBTC (-$42.7 million), Bitwise BITB (-$21.1 million), and VanEck HODL (-$2.7 million).
Although many funds recorded net outflows, BlackRock IBIT offset them all. BlackRock IBIT recorded a net inflow of $960.7 million on this day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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