PiCK
U.S. bitcoin spot ETFs see net inflows of about KRW 340 billion this week… IBIT drives fund flows
Summary
- It reported that U.S.-listed bitcoin spot ETFs saw net inflows of about KRW 347.6 billion this week.
- BlackRock's IBIT and Fidelity's FBTC drove the overall fund flows with notable inflows.
- Meanwhile, some major ETFs such as ARKB, BITB, and GBTC experienced net outflows.
U.S.-listed bitcoin (BTC) spot exchange-traded funds (ETFs) recorded a net inflow of $250.3 million (about KRW 347.6 billion) this week.
On the 6th (local time), according to Farside Investors, BlackRock's bitcoin spot ETF IBIT saw inflows of $434.3 million, and Fidelity's FBTC received $25.1 million, respectively, driving the overall fund flows.
Meanwhile, major ETFs such as ARK Invest·21Shares' ARKB (-$81.5 million), Bitwise's BITB (-$76.9 million), and Grayscale's GBTC (-$69.7 million) experienced net outflows. VanEck's HODL (-$13.2 million) and WisdomTree's EZBC (-$3.2 million) also saw modest outflows.
Meanwhile, some products, including Invesco's BTCO ($2.2 million) and Franklin Templeton's EZBC, showed limited net inflows.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
