US spot Bitcoin ETFs see net inflows of $257.29 million, led by BlackRock and Fidelity

Bloomingbit Newsroom

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.