Spot bitcoin ETFs continue net inflows after a rough last pre-halving week
While spot bitcoin ETFs saw net outflows prior to Bitcoin’s block-reward halving, they have since resumed net inflows.FBTC was the biggest winner yesterday — bringing in a net $34.83 million.
The total net inflow for spot Bitcoin ETFs yesterday was just over $62 million, with the Fidelity Wise Origin Bitcoin Fund garnering the most significant single-day net inflow at $34.83 million, according to data from SoSoValue.
At the same time, the ARK 21Shares Bitcoin ETF brought in more than $22.5 million in net inflows, and The iShares Bitcoin Trust brought in the third-largest net inflow yesterday with $19.65 million.
The Grayscale Bitcoin Trust expectedly saw the largest single-day net outflow — which has often overpowered all other ETFs' net inflows . Nearly $35 million in net outflows left the product yesterday.
Since their listings, U.S.-traded spot bitcoin ETFs have brought in a cumulative total net inflow of $12.38 billion. Meanwhile, cumulative spot bitcoin ETF volumes topped $226 billion at last week's close, according to The Block's data.
In related news, BlackRock's IBIT added inflows for the 70th straight day on Monday — putting the exchange-traded fund among the top 10 ETFs with the longest streak of daily inflows.
IBIT's market share among spot bitcoin ETFs reached nearly 54% last week, per The Block's data.
The price of bitcoin — the underlying asset for spot bitcoin ETFs — is currently just above $66,200, according to The Block's Bitcoin Price Page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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