Editor's PiCK

U.S. Bitcoin Spot ETF Records $1.1726 Billion Net Inflow in a Day…Largest in 8 Months

Source
Doohyun Hwang

Summary

  • The U.S. Bitcoin spot ETF recorded a net inflow of $1,172,600,000, the largest since last November.
  • While major asset managers’ ETFs, such as BlackRock (IBIT) and Fidelity (FBTC), attracted concentrated inflows, some ETFs reported minor net outflows or no change.
  • Such large-scale fund movements indicate that investor interest in Bitcoin spot ETFs is on the rise again.

The U.S. Bitcoin spot ETF recorded the largest daily inflow since November 7 of last year. A massive influx of funds was concentrated around major asset management firms such as BlackRock and Fidelity.

According to TraderT data on the 10th (local time), U.S.-traded Bitcoin spot ETFs saw a net inflow of $1,172,600,000 on this day.

The ETF that attracted the most funds was BlackRock (IBIT), with a net inflow of $445,470,000. Fidelity (FBTC) received $324,340,000, while ARK Invest (ARKB) saw an inflow of $268,700,000. Bitwise (BITB) also attracted $77,150,000. On the other hand, Grayscale (GBTC) recorded a net outflow of $40,170,000.

VanEck (HODL) saw a slight increase with a $15,240,000 inflow, while some ETFs such as Invesco (BTCO), Franklin Templeton (EZBC), Valkyrie (BRRR), and WisdomTree (BTCW) showed no net inflow or outflow.

publisher img

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
What did you think of the article you just read?