Key Points
- US spot bitcoin ETFs observed a total daily net inflow of $488.24 million on Wednesday.
- The 17-day streak of daily net inflows matched the longest positive flow streak recorded earlier this year.
Bitcoin ETFs in US Witness Significant Daily Inflows
Spot bitcoin exchange-traded funds in the US reported total daily net inflows of $488.24 million on Wednesday. All 11 funds recorded either net inflows or zero flows, following the second-largest daily net inflows recorded on Tuesday.
Fidelity’s FBTC led the net inflows, attracting $221 million on Wednesday, as per data from SosoValue. BlackRock’s IBIT saw the second-largest net inflows among the funds, with an addition of $155 million.
Multiple Funds Report Net Inflows
Ark Invest and 21Shares’ ARKB welcomed $71 million, while Bitwise’s BITB reported daily net inflows of $19 million. Grayscale’s GBTC recorded net inflows of $15 million, marking its second consecutive day of net inflows. VanEck’s fund and Invesco and Galaxy Digital’s fund each posted $4 million in net inflows.
This marked the 17th consecutive day for the 11 spot Bitcoin ETFs to post daily net inflows, matching the longest positive flow streak recorded in January and February.
The total trading volume of the 11 products amounted to $2.09 billion on Wednesday, compared to $2.78 billion on Tuesday and $1.78 billion on Monday. Bitcoin traded flat at around $70,900 at the time of writing.
