U.S. spot bitcoin exchange-traded funds (ETFs) have marked a significant milestone by achieving their fifth consecutive day of positive net inflows, drawing in $39.42 million on Wednesday. This trend highlights growing investor confidence in bitcoin as a preferred asset class amidst ongoing market fluctuations.Grayscale’s mini bitcoin trust led the way with $14.2 million in net inflows, while spot bitcoin funds from Fidelity and Bitwise both recorded approximately $10 million in inflows.
Key Highlights:
Fidelity’s FETH recorded the largest net inflows among ether ETFs, amounting to $7.93 million, followed by Grayscale’s Ethereum Mini Trust with $4.24 million.The total daily trading volume for the 12 bitcoin ETFs reached $1.42 billion, an increase from $1.35 billion on Tuesday. Since their inception, these funds have accumulated a total of $17.56 billion in net inflows, reflecting the growing institutional interest in bitcoin as a viable investment vehicle.As bitcoin's price fluctuates around the $60,000 mark, it climbed 2.33% in the past 24 hours to trade at $60,735, while ether rose 1.09% to $2,621, indicating a positive sentiment in the market.Read more at The Block.
- BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw inflows of $8.35 million, and Franklin Templeton’s EZBC attracted $3.55 million. Invesco’s BTCO experienced inflows of $2.46 million, showcasing a robust interest in bitcoin investment options.Conversely, the ether ETF sector has faced challenges, experiencing its fifth straight day of net outflows, totaling $17.97 million. Grayscale’s ETHE was the primary contributor to these outflows, with $31.14 million moving away from the fund.
