- Spot Bitcoin ETFs witnessed the highest inflows since March 12.
- The ETFs witnessed $900 million in net inflows.
- Fidelity’s FBTC saw the largest inflow with $378.7 million.
The US Spot Bitcoin ETFs experienced their second-best day ever in net inflows, totaling $887 million.
The Fidelity Wise Origin Bitcoin Fund (FBTC) led with $378.7 million, followed closely by BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $275 million. The figures were presented by Farside Investors and corroborated by HODL15Capital. The third-highest performer was the ARK 21Shares Bitcoin ETF (ARKB), which recorded over $138 million in net inflows.
This influx of capital marks the highest net inflows for these funds since March 12, when they collectively took in a record $1.04 billion leading to a new all-time high for BTC the following day.
The Grayscale Bitcoin Trust (GBTC) also saw a rare day of positive inflows, receiving $28.2 million. This event marked only the seventh time GBTC has experienced net inflows since transitioning from a closed-end fund to a spot ETF in January.
The impressive inflow figures have sparked reactions across the industry. Nate Geraci, president of ETF Store, took to X to address Bitcoin critics who had previously doubted the demand for Bitcoin ETFs
The impressive inflow figures have sparked reactions across the industry. Nate Geraci, president of ETF Store, took to X to address Bitcoin critics who had previously doubted the demand for Bitcoin ETFs:
“I was told several months ago that all of the ‘degen retail’ investors who wanted to buy had already done so [and] there was nobody left.”
Bloomberg ETF analyst Eric Balchunas echoed this sentiment, adding that the “’third wave’ is turning into a tidal wave.
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