US Spot Bitcoin ETFs Continue Positive Streak with $106M Inflows; BlackRock’s IBIT Attracts $184M
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
US-listed spot Bitcoin ETFs recorded their fifth consecutive day of inflows, amassing a total of $106 million on Wednesday.
BlackRock’s iShares Bitcoin Trust (IBIT) led the surge, attracting $184 million in net investments, according to Farside Investors data.
Meanwhile, Bitwise’s Bitcoin ETF (BITB) gained an additional $2 million. However, not all funds shared this momentum.
Fidelity’s Bitcoin Fund (FBTC) and the ARK Invest/21Shares Bitcoin ETF (ARKB) reported significant outflows of approximately $33 million and $47 million, respectively.
Other major Bitcoin ETFs, such as the Grayscale Bitcoin Trust (GBTC), saw no inflows.
Since its conversion to an ETF, GBTC has experienced over $20 billion in investor withdrawals.
While the initial outflows were substantial, they have tapered off in recent weeks.
As capital shifts towards other funds, particularly BlackRock’s IBIT, US spot Bitcoin ETFs have collectively accumulated around $246 million in net inflows this week, showcasing sustained investor interest in the crypto asset class.
Bitcoin spot ETF had a total net inflow of $106m on September 25, continuing its net inflow for 5 consecutive days. BlackRock ETF IBIT had an inflow of $184m. The total net inflow of Ethereum spot ETF was $43.2341m. Grayscale ETF ETH inflow was $26.6288m.https://t.co/59u0BnEqLG
Meanwhile, US-listed Ethereum spot ETFs also witnessed a strong performance on Thursday, registering a net inflow of $43.23 million.
The boost comes despite a cumulative outflow of $580.94 million over the past week, reflecting a
Read more on cryptonews.com
