Editor's PiCK
US Bitcoin Spot ETF Sees $321.4 Million Inflows Over Three Consecutive Trading Days
Summary
- The US Bitcoin spot ETF recorded net inflows for three consecutive trading days, with a total of $321.4 million reported.
- BlackRock's 'IBIT' saw the most inflows, followed by Fidelity's 'FBTC'.
- The price of Bitcoin continues to rise, having increased by about 27% over the past five weeks.
The US Bitcoin spot Exchange Traded Fund (ETF) has recorded net inflows for three consecutive trading days.
According to data from Farside Investors on the 9th (local time), the Bitcoin spot ETF traded in the US recorded a total net inflow of $321.4 million as of the previous day.
The product with the most inflows was BlackRock's 'IBIT', with $356.2 million coming in. Fidelity's 'FBTC' followed with a net inflow of $45 million. On the other hand, $14.6 million was withdrawn from Bitwise's 'BITB', and $65.2 million was withdrawn from Grayscale's 'GBTC'.
As ETF fund inflows continue, the price of Bitcoin is also on the rise. Over the past five weeks, the cumulative increase rate is about 27%, and on this day, Bitcoin is trading at around $103,100, up approximately 0.5% compared to the previous day in the Binance Tether (USDT) market.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)
