US spot Bitcoin ETFs see net inflows of $257.29 million, led by BlackRock and Fidelity
Summary
- Reported that total net inflows into US spot Bitcoin ETFs were tallied at $257.29 million.
- Reported that funds flowed into BlackRock’s IBIT, Fidelity’s FBTC, ARK Invest’s ARKB, and Bitwise’s BITB.
- Noted that as Bitcoin prices continue to fluctuate in the mid-$60,000 range, ETF fund flows are acting as a short-term supply-and-demand variable.
Forecast Trend Report by Period
US spot Bitcoin (BTC) exchange-traded funds (ETFs) posted net inflows.
According to data compiled by trader T on the 24th (local time), total net inflows into spot Bitcoin ETFs came to $257.29 million on the day.
Inflows were concentrated in products from major asset managers. BlackRock’s IBIT took in $78.52 million, while Fidelity’s FBTC saw $82.81 million in inflows. ARK Invest’s ARKB recorded $71.14 million, and Bitwise’s BITB logged net inflows of $3.50 million.
VanEck’s HODL received $12.76 million, and Grayscale’s Mini BTC took in $8.56 million. By contrast, there were no flows in or out of Invesco’s BTCO, Franklin’s EZBC, Valkyrie’s BRRR, WisdomTree’s BTCW, or Grayscale’s GBTC.
With Bitcoin prices continuing to swing in the mid-$60,000 range, ETF fund flows are acting as a short-term supply-and-demand driver.
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