Inflows into Spot Bitcoin ETFs Continue

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In the United States, there were a total of $153.91 million in net inflows reported by spot Bitcoin exchange-traded funds on Wednesday, marking the eighth day in a row that they have seen net inflows.

According to data from SoSoValue, out of the 11 ETFs, BlackRock’s IBIT saw the largest net inflows at $92 million. This was followed by Fidelity’s spot Bitcoin ETF with $75 million in inflows, and Ark Invest and 21Shares’ fund with $3 million in inflows.

On the other hand, Grayscale’s GBTC had net outflows of $16 million on Wednesday. The remaining seven funds from Bitwise, VanEck, and others reported zero flows.

Since their launch in January, the US spot Bitcoin ETFs have seen a total net inflow of $13.33 billion.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.