Editor's PiCK

US Bitcoin Spot ETF sees net inflow of ₩1.04 trillion this week… Driven by IBIT and FBTC

Source
Minseung Kang

Summary

  • A total net inflow of ₩1.04 trillion was recorded in US Bitcoin spot ETFs this week.
  • Farside Investors stated that substantial capital inflows centered on IBIT and FBTC were observed.
  • On the other hand, GBTC recorded a net outflow of $84.9 million, being the only fund with a negative flow.

A total net inflow of $769.5 million (about ₩1.04 trillion) was recorded this week for US-listed Bitcoin (BTC) spot exchange-traded funds (ETFs).

According to Farside Investors on the 5th (local time), BlackRock's spot ETF IBIT saw $336.8 million and Fidelity's FBTC saw $248.4 million in inflows this week, leading the capital movement.

In addition, $160 million flowed into ARK Invest·21Shares' ARKB, and $57.4 million into Bitwise's BITB. Meanwhile, Grayscale's GBTC saw a net outflow of $84.9 million, being the only fund to record a negative flow.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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