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US spot Bitcoin exchange-traded funds (ETFs) achieved significant success on Wednesday, recording daily net inflows totaling $488.24 million, with all 11 funds recording either net inflows or zero flows. This follows the second-highest daily net inflow recorded on Tuesday.
US Spot Bitcoin ETFs See Longest Positive Streak, Seeing $488 Million in Daily Net Inflows
According to SosoValue data, net inflows were led by Fidelity's FBTC with $221 million. BlackRock's IBIT followed closely behind with a net inflow of $155 million.
Ark Invest and 21Shares' ARKB brought in $71 million, while Bitwise's BITB saw daily net inflows of $19 million.
Grayscale's GBTC recorded net inflows for the second day in a row at $15 million. VanEck's fund and funds from Invesco and Galaxy Digital each recorded net inflows of $4 million.
Wednesday's inflows marked the 17th consecutive day for 11 spot Bitcoin ETFs to post daily net inflows, tying the longest streak of positive flows recorded in January and February earlier this year.
While the total transaction volume of 11 products was 2.09 billion dollars on Wednesday, this figure was 2.78 billion dollars on Tuesday and 1.78 billion dollars on Monday.
At the time of writing this article, Bitcoin was following a horizontal trend around $70,900. This consistent performance underscores the growing confidence and interest in Bitcoin ETFs as a solid investment vehicle in the cryptocurrency market.
*This is not investment advice.